Why is Meghmani Organi. falling/rising?

As of 27-Jun, Meghmani Organics Ltd is experiencing a price increase, currently at Rs 97.53, reflecting a change of 1.11 or 1.15% upward. The stock has shown strong performance over the past week, gaining 7.18%, and over the past month, it has risen by 20.41%. Despite today's performance underperforming the sector by 0.99%, the stock is trading above its moving averages across various time frames, indicating a positive trend. The company has reported significant growth in operating profit and net sales, with a remarkable increase in profits over the past year, contributing to its recent price movement.
In the broader market context, while the stock has outperformed the benchmark Sensex with a one-year return of 19.49% compared to the market's 6.08%, it is important to note that the stock's liquidity has decreased, with a notable drop in delivery volume. The Dyes & Pigments sector, in which Meghmani operates, has also seen gains, further supporting the stock's upward movement. However, the recent decline in investor participation could pose a risk to sustained price increases. Overall, the stock's strong fundamentals and recent performance relative to the market suggest a positive outlook, despite some short-term challenges.