Why is MPS falling/rising?

As of 19-Sep, MPS Ltd. is experiencing a slight increase in its stock price, currently at 2,265.90, reflecting a change of 4.9 points or 0.22% upward. The stock has shown a positive trend recently, gaining 4.83% over the last six days and outperforming the benchmark Sensex with a 1-week return of 3.47% compared to the Sensex's 0.88%. Despite this upward movement, there are signs of falling investor participation, as the delivery volume has decreased significantly by 46.35% against the 5-day average. The company has demonstrated strong financial performance with consistent positive results over the last four quarters, including a 43.34% growth in profit after tax, which supports its recent price stability. However, the stock is considered expensive with a high Price to Book Value ratio, which may deter some investors.
In the broader market context, MPS Ltd.'s performance has been robust compared to the Sensex, with a year-to-date return of 13.96% against the benchmark's 5.74%. This outperformance over various periods, including a remarkable 222.92% return over three years, indicates strong investor confidence in the company's growth potential. Nonetheless, the low stake held by domestic mutual funds, at only 0.18%, suggests a cautious sentiment among institutional investors, potentially reflecting concerns about the stock's valuation relative to its peers. Overall, while MPS Ltd. is currently rising, the mixed signals regarding investor participation and valuation may influence future price movements.