Why is Menon Bearings falling/rising?

As of 18-Sep, Menon Bearings Ltd is experiencing a price increase, currently at Rs 131.70, reflecting a rise of Rs 1.9 or 1.46%. Today's price summary indicates that the stock outperformed its sector by 1.32%, reaching an intraday high of Rs 136.3, which is a 5.01% increase. However, despite this positive movement, the stock has shown a decline of 1.72% over the past week and 0.23% over the past month. The company maintains a low Debt to Equity ratio of 0.10 times, which is favorable and may contribute to investor confidence, although there has been a notable decrease in investor participation, with delivery volume falling by 30.72% against the 5-day average.
In the broader market context, the Sensex has increased by 1.80% over the past week and 2.14% over the past month, indicating that Menon Bearings is lagging behind the benchmark in the short term. While the stock has performed well year-to-date with a gain of 10.67% compared to the Sensex's 6.24%, its longer-term performance over one year shows a decline of 3.13%, contrasting with the Sensex's slight increase of 0.08%. This suggests that while the stock has potential, its recent performance relative to the market and declining investor participation may be factors influencing its current price movement.