Why is Manorama Indust. falling/rising?

As of 01-Jul, Manorama Industries Ltd's stock price is currently at Rs 1,471.35, reflecting an increase of Rs 9.15, or 0.63%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 7.63% during this period. It is also close to its 52-week high, just 3.3% away from Rs 1,519.95. Despite this positive momentum, the stock underperformed its sector by 1.72% today. The company has demonstrated strong financial performance, with net sales growing at an annual rate of 39.66% and a net profit increase of 43.14%. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Manorama Industries has outperformed the Sensex significantly over various time frames, including a 37.77% return year-to-date compared to the Sensex's 7.11%. However, the stock's recent performance has been accompanied by a decline in investor participation, with delivery volume dropping by 45.6% against the five-day average. This could indicate a potential risk as liquidity may be affected. Overall, while the stock shows strong long-term growth potential and has consistently delivered returns, the recent drop in trading volume and underperformance against its sector may raise concerns among investors.