Why is Manba Finance falling/rising?

As of 10-Jun, Manba Finance Ltd is experiencing a price increase, currently at Rs 150.45, reflecting a rise of Rs 3.8 or 2.59%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 11.61% during this period. Additionally, it has outperformed its sector by 2.92%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 639.56% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Manba Finance's short-term performance over the past week shows a return of +10.18%, which significantly outpaces the Sensex's return of +2.05% during the same period. While the stock has a year-to-date return of -7.30%, it has shown a strong recovery in the short term, indicating a potential turnaround. The positive momentum in the stock price, coupled with increased trading activity, suggests that investors are optimistic about its future prospects, despite the negative performance earlier in the year.