Why is Mangalam World. falling/rising?

As of 18-Sep, Mangalam Worldwide Ltd's stock price is rising, currently at Rs. 254.95, reflecting an increase of Rs. 10.75 or 4.4%. The stock has recently hit a new 52-week and all-time high of Rs. 265, indicating strong upward momentum. It has outperformed its sector by 4% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown impressive returns, with a 69.97% increase over the past year and a remarkable 122.28% rise over the last three years. The company's healthy long-term growth, characterized by a 26.50% annual increase in net sales and an 85.25% rise in operating profit, further supports its positive price movement.
In the broader market context, Mangalam Worldwide Ltd's short-term performance significantly outpaces the benchmark, with a 17.62% return over the past week compared to the Sensex's 1.67%. This strong performance is indicative of rising investor confidence and participation, as evidenced by an 88% increase in delivery volume against the 5-day average. The stock's liquidity is also favorable, allowing for sufficient trading activity. Overall, the combination of robust financial growth, market-beating performance, and increased investor interest contributes to the stock's rising price.