Why is Manomay Tex Indi falling/rising?

As of 08-Oct, Manomay Tex India Ltd is experiencing a price increase, currently at Rs 202.25, reflecting a rise of Rs 14.8 or 7.9%. The stock has shown strong performance today, outperforming its sector by 8.32% and marking its sixth consecutive day of gains, with a total return of 20.71% over this period. It opened with a gain of 5.09% and reached an intraday high of Rs 205.6, indicating robust buying interest. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. There has also been a significant increase in investor participation, with delivery volume rising by 102.34% compared to the 5-day average, contributing to the stock's upward movement.
In the broader market context, Manomay Tex India Ltd has outperformed the Sensex in the short term, with a weekly return of 15.47% compared to the Sensex's 0.98%. Over the past month, the stock has also shown a return of 12.39%, again surpassing the benchmark's 1.22%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 11.76% compared to the Sensex's gain of 4.65%. This mixed performance indicates that while the stock is currently on an upward trajectory, it has faced challenges in the longer term.