Why is Marine Electric. falling/rising?

As of 24-Oct, Marine Electricals (India) Ltd is experiencing a price increase, currently at 240.20, reflecting a rise of 5.23 or 2.23%. The stock has shown strong performance today, outperforming its sector by 2.45%. It is also 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 80.32% compared to the 5-day average. Over the past week, the stock has gained 5.01%, and it has delivered a notable 10.42% return over the last month, further highlighting its upward momentum.
In the broader market context, Marine Electricals has outperformed the Sensex, which has only increased by 0.33% over the past week. Despite a year-to-date decline of 8.83%, the stock has shown resilience with a 19.73% return over the past year, outperforming the BSE500 in each of the last three annual periods. The company's strong financial metrics, including a low Debt to EBITDA ratio of 1.03 times and a robust PAT growth of 20.9%, contribute to its favorable outlook. These factors, combined with consistent returns over the past three years, support the stock's recent rise.