Why is Mega Nirman falling/rising?

As of 01-Sep, Mega Nirman & Industries Ltd is experiencing a price increase, currently at Rs 22.57, reflecting a rise of 1.07 or 4.98%. The stock has outperformed its sector by 3.37% today and has shown consecutive gains over the last two days, with an overall return of 8.72% during this period. Despite a year-to-date return of 11.51% and a one-year return of 18.73%, the stock has faced challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative annual growth rate in operating profit. The stock's valuation appears expensive compared to its peers, trading at a 1.9 Price to Book Value, which may contribute to investor caution despite its recent gains. Broader market context shows that while Mega Nirman has outperformed the benchmark Sensex in the short term, with a 1-week return of +1.12% compared to the Sensex's -1.56%, the stock's performance over the last month has been less favorable, with a decline of 7.88%. The broader market has generated negative returns, yet Mega Nirman has managed to deliver positive returns over the past year, indicating a divergence from market trends. However, the significant drop in delivery volume suggests a decrease in investor participation, which could impact future price movements.