Why is Manba Finance falling/rising?

As of 26-Jun, Manba Finance Ltd's stock price is currently at Rs 151.30, reflecting an increase of Rs 1.95 or 1.31%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 8.81% during this period. It reached an intraday high of Rs 154.75, which is a 3.62% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The recent surge in investor participation is notable, with delivery volume increasing by 1081.57% compared to the 5-day average. The company's fundamentals are also strong, with a return on equity of 15.54%, and it has reported positive results for the last three consecutive quarters, contributing to the stock's favorable performance.
In the broader market context, Manba Finance's short-term performance has outpaced the benchmark Sensex, which has risen by 2.94% over the past week, while Manba Finance has increased by 7.76% in the same timeframe. This indicates that the stock is performing well relative to the market. Despite a year-to-date decline of 6.78% compared to the Sensex's gain of 7.19%, the company's healthy growth in net sales and operating profit, along with an attractive valuation, suggests that investors are optimistic about its future prospects. The combination of strong recent performance and positive financial indicators supports the stock's rising trend.