Why is MPS falling/rising?

As of 21-Aug, MPS Ltd. is experiencing a price increase, currently at 2,182.85, reflecting a rise of 33.85 (1.58%). Today's price summary indicates that the stock opened with a gain of 2.32% and reached an intraday high of Rs 2,198.95. However, it has underperformed its sector by 0.75% and is trading below all key moving averages. Over the past week, MPS has outperformed the Sensex with a return of +2.70% compared to the benchmark's +1.74%. Despite a year-to-date gain of +9.78%, the stock has seen a decline of -9.47% over the past month and -3.75% over the past year. The company has shown strong financial performance with positive results for the last four quarters, including a high return on capital employed (ROCE) of 40.65% and significant growth in profit before tax and profit after tax. However, it also faces challenges such as a high price-to-book value ratio and low domestic mutual fund ownership, which may indicate investor caution.
In the broader market context, MPS Ltd.'s recent performance contrasts with the Sensex, which has only seen a slight increase of +1.74% over the past week. The printing and publishing sector, to which MPS belongs, has gained by 2.47%, suggesting a favorable environment for the industry. However, the stock's recent price movement and the decline in investor participation, with a significant drop in delivery volume, may reflect underlying concerns about its valuation and market sentiment. The high dividend yield of 3.86% at the current price could attract income-focused investors, but the overall expensive valuation compared to peers may deter others.