Why is MMP Industries falling/rising?

As of 04-Jul, MMP Industries Ltd is experiencing a price increase, currently at 300.40, which reflects a rise of 1.75 or 0.59%. The stock has shown strong performance recently, with a 5.34% increase over the past week and a notable 21.60% rise over the past month, while it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, as the delivery volume has decreased by 63.49% compared to the 5-day average. Despite this, the stock's attractive valuation, characterized by a low Debt to Equity ratio and a PEG ratio of 0.9, suggests that it is trading at a discount compared to its peers, contributing positively to its recent price movement.
In the broader market context, MMP Industries' short-term performance stands in stark contrast to the Sensex, which has declined by 0.69% over the past week. While the stock has outperformed the benchmark significantly in the short term, it has underperformed year-to-date with a decline of 10.81% compared to the Sensex's gain of 7.68%. This divergence indicates that MMP Industries is currently benefiting from specific company-related factors that are driving its price upward, despite the overall market conditions not being favorable.