Why is Manugraph India falling/rising?

As of 05-Sep, Manugraph India Ltd's stock price is currently at 22.99, reflecting an increase of 0.45 or 2.0%. The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite a significant drop in delivery volume, which fell by 68.04% against the five-day average, the stock has outperformed its sector by 0.74%. Over the past month, Manugraph India has experienced a notable increase of 23.94%, although it has declined by 2.58% in the last week. The company has reported outstanding results, with net sales growing by 151.07% and positive results for the last two consecutive quarters, contributing to the recent upward movement in the stock price.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.13% over the past week. While Manugraph India has outperformed the benchmark in the short term, it has underperformed over the past year, with a decline of 9.38% compared to the Sensex's drop of 1.81%. The stock's liquidity remains adequate for trading, as it is based on 2% of the five-day average traded value. Overall, the combination of strong quarterly results and a recent price increase suggests a positive sentiment among investors, despite the recent volatility in trading volume.