Why is MRC Agrotech falling/rising?

As of 03-Sep, MRC Agrotech Ltd is experiencing a price increase, with its current price at Rs 35.16, reflecting a rise of 1.61 (4.8%). The stock has reached a new 52-week high today and has outperformed its sector by 3.9%. Over the last four days, MRC Agrotech has shown a strong upward trend, gaining 17.12% in this period. The stock is trading above all key moving averages and has seen a significant increase in investor participation, with delivery volume rising by 65.37% compared to the five-day average. Additionally, the company reported positive financial results for the last six months, with net sales and profit after tax both higher, contributing to its strong performance despite the broader market's challenges.
In the broader market context, MRC Agrotech's short-term performance stands in stark contrast to the benchmark, as it has gained 17.08% over the past week while the Sensex has declined by 0.27%. This trend is consistent over the past month and year, where MRC Agrotech has significantly outperformed the market, achieving a remarkable 179.27% return over the last year compared to the Sensex's decline of 2.41%. Despite the overall negative returns in the BSE500 index, MRC Agrotech's strong performance highlights its resilience and attractiveness to investors, reinforcing its upward price movement.