Why is Markolines Pavem falling/rising?

As of 23-Sep, Markolines Pavement Technologies Ltd is experiencing a price increase, currently at Rs 170.95, reflecting a rise of 2.9 (1.73%). The stock has outperformed its sector today, reaching an intraday high of Rs 172.75, which is a 2.8% increase. In the past week, the stock has shown a positive return of 2.37%, while over the past month, it has declined by 1.70%. Despite a significant drop of 22.30% over the past year, the company's profits have risen by 28%, indicating a strong underlying performance. The stock's high management efficiency, evidenced by a return on capital employed (ROCE) of 23.26% and a low debt to EBITDA ratio of 1.36 times, suggests a solid financial position, contributing positively to its recent price movement.
In the broader market context, while Markolines has outperformed the Sensex in the short term, the benchmark index has shown a slight decline of 0.34% over the past week. The stock's liquidity remains adequate for trading, although there has been a notable decrease in investor participation, with delivery volume falling by 59.08% against the 5-day average. This decline in participation could be a concern moving forward, despite the stock's attractive valuation and strong profit growth. Overall, the combination of positive financial metrics and short-term performance against the benchmark supports the stock's upward movement, even as it faces challenges in investor engagement.