Why is Markolines Pavem falling/rising?

As of 08-Oct, Markolines Pavement Technologies Ltd is experiencing a price increase, currently at Rs 181.85, reflecting a rise of Rs 7.15 or 4.09%. The stock has shown strong performance recently, gaining 12.98% over the last four days and outperforming its sector by 4.49% today. It reached an intraday high of Rs 183.5, and it is trading above all key moving averages, indicating a positive trend. Despite this upward movement, there has been a notable decline in investor participation, with delivery volume dropping by 51.56% compared to the five-day average. The company also boasts a high return on capital employed (ROCE) of 19.97% and a low debt to EBITDA ratio of 1.20, suggesting strong management efficiency and the ability to service debt, which supports the stock's positive momentum.
In the broader market context, Markolines has outperformed the Sensex over the past week, with a return of 12.95% compared to the benchmark's 0.98%. Year-to-date, the stock has also shown a solid performance with a 12.81% increase, while the Sensex has gained 4.65%. However, over the past year, Markolines has underperformed with a decline of 4.29%, contrasting with the Sensex's slight gain of 0.17%. This mixed performance indicates that while the stock is currently rising, it has faced challenges in the longer term, which investors may need to consider when evaluating its future potential.