Why is Mangalam World. falling/rising?

As of 18-Nov, Mangalam Worldwide Ltd is experiencing a price increase, currently at 232.72, which reflects a rise of 7.08 or 3.14%. The stock has shown strong performance today, outperforming its sector by 3.97%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 265.41% against the 5-day average. Over the past year, the stock has generated a return of 45.45%, while its profits have increased by 37%, suggesting a healthy growth trajectory supported by strong net sales and operating profit figures.
In the broader market context, Mangalam Worldwide Ltd's short-term return of +6.57% over the past week significantly outpaces the Sensex's return of +0.84%, highlighting its strong performance relative to the benchmark. The company has consistently outperformed the BSE500 over various time frames, including the last three years, one year, and three months. This market-beating performance, combined with a favorable PEG ratio of 1.5 and a solid return on capital employed (ROCE) of 11.9, reinforces the stock's appeal to investors, contributing to its rising price.