Why is Menon Pistons falling/rising?

As of 12-Sep, Menon Pistons Ltd is experiencing a price increase, currently at 69.17, reflecting a rise of 0.4 or 0.58%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 34.35% compared to the 5-day average. Despite a year-to-date decline of 3.45%, the stock has shown a 6.42% increase over the past month, suggesting a recovery phase. The company has recently reported positive results after two consecutive negative quarters, showcasing a high return on equity (ROE) of 17.80% and a low debt-to-equity ratio of 0.07, which enhances its attractiveness to investors.
In the broader market context, Menon Pistons has outperformed the Sensex in the short term, with a 1-week return of 3.36% compared to the benchmark's 1.48%. However, it has underperformed over the longer term, with a 1-year return of -17.66% against the Sensex's -1.28%. This disparity highlights the stock's struggles despite recent positive indicators. The company’s long-term growth prospects remain a concern, as net sales have only grown at an annual rate of 5.87% over the last five years, which may temper investor enthusiasm moving forward.