Why is Morganite Crucib falling/rising?

As of 31-Jul, Morganite Crucible (India) Ltd is experiencing a price increase, currently at 1,561.50, reflecting a rise of 96.5 points or 6.59%. The stock has shown strong performance today, outperforming its sector by 6.08% and achieving a consecutive gain over the last three days with a total return of 9.2% during this period. Additionally, the stock has touched an intraday high of Rs 1635, indicating significant investor interest. Over the past week, Morganite has returned 8.42%, contrasting with a decline of 1.22% in the Sensex, and it has also outperformed the benchmark over the last three years, one year, and three months. The company benefits from a low debt-to-equity ratio and has demonstrated consistent market-beating performance, contributing positively to its recent price movement.
In the broader market context, while the Sensex has seen a decline of 1.22% over the past week, Morganite's strong short-term return of 8.42% highlights its resilience and attractiveness to investors. The stock's performance is further supported by rising investor participation, as evidenced by a 15.49% increase in delivery volume compared to the five-day average, indicating growing confidence among shareholders. Despite the high volatility observed today, with an intraday volatility of 6.13%, the overall trend remains positive, suggesting that investor sentiment is favoring Morganite Crucible amidst a challenging market environment.