Why is Mercury Labs falling/rising?

As of 22-Sep, Mercury Laboratories Ltd is experiencing a price increase, currently at Rs 894.00, reflecting a rise of 53.0 points or 6.3%. Today's price summary indicates that the stock opened with a gain of 6.3% and has maintained this price throughout the trading session, outperforming its sector by 7.38%. In terms of returns, the stock has shown a positive performance over the past week and month, with increases of 4.26% and 5.93%, respectively. However, it has faced challenges over the longer term, with a year-to-date return of -0.22% and a one-year return of -13.52%. The company's low debt-to-equity ratio of 0.02 times and fair valuation compared to peers may contribute positively to investor sentiment, despite a significant drop in profits by 24.6% over the past year.
Broader market context shows that while Mercury Laboratories has outperformed the Sensex in the short term, the benchmark index has still shown positive returns of 0.46% over the past week and 1.05% over the past month. This indicates that the stock's recent rise is not solely due to broader market movements, but rather specific factors related to the company itself. However, the stock's long-term growth prospects appear limited, with net sales and operating profit growth rates of only 6.51% and 2.35%, respectively, over the last five years. Additionally, a significant drop in investor participation, with delivery volume falling by 97.84%, raises concerns about the stock's liquidity and future performance.