Why is Mauria Udyog falling/rising?

As of 20-Aug, Mauria Udyog Ltd's stock price is currently at Rs. 19.85, reflecting an increase of 0.29 or 1.48%. The stock has recently hit a new 52-week high of Rs. 19.99 and has been on a positive trend, gaining 11.83% over the last three days. It has outperformed its sector by 1.76% today and is trading above all key moving averages, indicating strong momentum. The company reported a significant growth in net profit of 51.83% in its latest results, alongside a record high in net sales and PBDIT, which contributes positively to investor sentiment. Additionally, the stock's fair valuation and lower PEG ratio suggest it is trading at a discount compared to peers, further supporting its upward movement.
In the broader market context, Mauria Udyog's short-term performance has significantly outpaced the benchmark Sensex, with a 7.30% return over the past week compared to the Sensex's 1.64%. This trend of consistent returns is underscored by the stock's impressive performance over the past three years, where it has generated a staggering 582.13% return, indicating strong investor confidence. The rising investor participation, evidenced by a 38.09% increase in delivery volume, also reflects growing interest in the stock, contributing to its upward price movement. Overall, the combination of strong financial results, favorable valuations, and positive market sentiment has driven the stock's recent rise.