Why is MPS falling/rising?

As of 15-Jul, MPS Ltd. is experiencing a price increase, currently at Rs 2,910.65, reflecting a rise of 77.95 points or 2.75%. Despite opening with a loss of 2.71% today, the stock reached an intraday high of Rs 2,979, indicating strong intraday volatility. Over the past week, MPS has outperformed the sector by 1.7%, and its performance over the last month shows a significant gain of 12.05%. The company has demonstrated consistent positive financial results, with net sales growing by 21.88% and profit after tax reaching a record high, which contributes to investor confidence. However, there has been a decline in delivery volume, falling by 35.68% against the 5-day average, which may indicate reduced investor participation.
In the broader market context, MPS Ltd. has significantly outperformed the benchmark Sensex, which has declined by 1.36% over the past week while MPS has gained 8.83%. The stock's year-to-date return of 46.38% also surpasses the Sensex's 5.67% increase, highlighting its strong performance relative to the market. MPS's low debt-to-equity ratio and its position as the largest company in its sector, constituting 25.76% of the industry, further bolster its appeal to investors. Overall, while there are some signs of reduced trading activity, the company's strong fundamentals and positive growth trajectory contribute to its rising stock price.