Why is Manugraph India falling/rising?

As of 29-Sep, Manugraph India Ltd's stock price is currently at 23.74, reflecting an increase of 0.88 or 3.85%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 9.6% during this period. It has outperformed its sector by 3.15% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported outstanding results, with net sales growing by 151.07% in the last quarter, and has shown positive results for the last two consecutive quarters, which has likely contributed to the recent price increase. However, there is a noted decline in investor participation, as delivery volume has decreased by 50.19% compared to the 5-day average.
In the broader market context, Manugraph India's stock has outperformed the Sensex over the past week, gaining 7.42% while the benchmark index has declined by 2.18%. Year-to-date, the stock has also shown strong performance with a return of 10.93%, compared to the Sensex's 2.85%. This indicates that despite some fluctuations in investor participation, the stock's strong fundamentals and recent positive financial results are driving its price upward, distinguishing it from the broader market trends.