Why is Mauria Udyog falling/rising?

As of 25-Aug, Mauria Udyog Ltd's stock price is currently at Rs. 20.08, reflecting an increase of 0.23 or 1.16%. The stock has recently hit a new 52-week high of Rs. 20.4 and has outperformed its sector by 2.27%. Over the last two days, the stock has gained 2.53%, and it is trading above all its moving averages, indicating strong momentum. Additionally, the company reported a significant growth in net profit of 51.83% and a robust increase in net sales, which has positively influenced investor sentiment. Despite a decline in delivery volume, the stock remains liquid enough for trading, and its fair valuation compared to peers suggests it is trading at a discount, further supporting its upward movement.
In the broader market context, Mauria Udyog's performance over the past week shows a return of 6.47%, significantly outperforming the Sensex, which only increased by 0.45%. The stock's year-to-date return of 67.33% also contrasts sharply with the Sensex's 4.48% gain, highlighting its strong relative performance. This consistent outperformance over various time frames, including a remarkable 487.13% return over the last three years, positions Mauria Udyog favorably against broader market trends, contributing to its rising stock price.