Why is Menon Bearings falling/rising?

As of 30-Jul, Menon Bearings Ltd's stock price is currently at 139.75, reflecting a slight increase of 0.15 (0.11%). The stock has been on an upward trend, gaining 14.04% over the last four days and achieving a new 52-week high of Rs.145.2 today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock has shown impressive performance over various time frames, with a 12.11% increase over the past month and a remarkable 267.28% rise over the last five years. The company maintains a low debt-to-equity ratio of 0.10, which is favorable for investors, and its recent market performance has outpaced the BSE500 index in both the short and long term.
In the broader market context, Menon Bearings has significantly outperformed the Sensex, which has declined by 1.50% over the past week and 2.54% over the past month, while Menon Bearings has gained 9.61% and 12.11%, respectively. This contrast highlights the stock's resilience and attractiveness to investors, especially given the rising delivery volume, which increased by 197.26% against the 5-day average. The stock's liquidity is also adequate for trading, further supporting its positive price movement. Overall, the combination of strong performance metrics, low debt levels, and increasing investor interest contributes to the stock's rising price.