Why is Mauria Udyog falling/rising?

As of 29-Aug, Mauria Udyog Ltd's stock price is currently at Rs. 20.29, reflecting an increase of 0.05 (0.25%). The stock has recently hit a new 52-week high of Rs. 20.76 and has shown a positive performance with a consecutive gain over the last two days, resulting in a total increase of 3.63%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the company reported a significant growth in net profit of 51.83% and a robust return on capital employed (ROCE) of 17.32%, which contributes to its positive valuation compared to peers. The stock's performance has outpaced the broader market, with a year-to-date return of 69.08% compared to the Sensex's 2.14%.
In the broader market context, Mauria Udyog's short-term return of +2.22% over the past week stands in stark contrast to the Sensex, which has declined by 1.84% during the same period. This outperformance highlights the stock's resilience and attractiveness to investors, particularly given the rising investor participation reflected in an 84.73% increase in delivery volume. Despite underperforming its sector today by 0.91%, the overall long-term performance remains strong, with a 465.18% increase over the past three years. This combination of strong financial results, positive market sentiment, and favorable trading conditions supports the stock's upward movement.