Why is Mangal Credit falling/rising?

As of 22-Jul, Mangal Credit & Fincorp Ltd is experiencing a price increase, currently at Rs 193.30, reflecting a rise of Rs 1.3 or 0.68%. The stock has shown a strong performance over the past year, with a return of 56.45%, significantly outperforming the broader market, which recorded only a 2.09% increase. Today's trading saw the stock reach an intraday high of Rs 199.95, marking a 4.14% increase, although it is currently trading below its 5-day and 20-day moving averages. Despite a slight decline in investor participation, as indicated by a 4.44% drop in delivery volume compared to the 5-day average, the company has consistently reported positive results for the last 11 quarters, which has likely bolstered investor confidence.
In the broader market context, Mangal Credit's short-term performance has been relatively weaker compared to the benchmark, with a 1-week decline of 2.00% against the Sensex's 0.47% drop. However, the stock's year-to-date performance of 27.55% far exceeds the Sensex's 5.18%, indicating strong underlying growth. The liquidity of the stock remains adequate, allowing for trades of Rs 0.02 crore, which supports its market activity. Overall, the combination of solid financial results and historical performance suggests that the stock's recent rise is driven by investor confidence, despite some short-term fluctuations in trading volume.