Why is Markolines Pavem falling/rising?

As of 19-Sep, Markolines Pavement Technologies Ltd is experiencing a slight increase in its stock price, currently at 170.65, reflecting a change of 0.65 or 0.38% upward. The stock has been gaining for the last three days, with a total return of 2.19% during this period. It has outperformed its sector by 0.27% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-over-year decline of 22.63%, the company has shown a profit increase of 28%, supported by a high return on capital employed (ROCE) of 23.26% and a low debt to EBITDA ratio of 1.36 times, indicating strong management efficiency and a solid ability to service its debt.
In the broader market context, Markolines has outperformed the Sensex in the short term, with a 1-week return of 1.28% compared to the benchmark's 0.88%. Over the past month, the stock has risen by 5.99%, while the Sensex has only increased by 1.20%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 6.5% against the 5-day average, which may impact liquidity despite the stock being liquid enough for trading. Overall, while the stock shows positive short-term momentum and strong fundamentals, the decrease in investor participation could pose challenges moving forward.