Why is MRC Agrotech falling/rising?

As of 05-Sep, MRC Agrotech Ltd is experiencing a price increase, currently at Rs. 37.15, which reflects a rise of Rs. 0.68 or 1.86%. The stock has recently hit a new 52-week high of Rs. 37.99 and has been on a consecutive gain streak for the last six days, accumulating a total return of 23.75% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company has reported positive financial results, with net sales and profit after tax higher than in the previous six months, contributing to its impressive performance of 192.52% over the past year, despite the broader market's negative returns.
In the broader market context, MRC Agrotech's short-term return of 21.84% over the past week significantly outperforms the Sensex, which has only increased by 1.13% during the same timeframe. This stark contrast highlights the stock's strong market position and investor interest, as evidenced by a 45.15% increase in delivery volume compared to the 5-day average. While the stock has shown remarkable performance, it is worth noting that the majority of its shareholders are non-institutional, which may influence future trading dynamics. Overall, the combination of strong financial results, consistent price gains, and rising investor participation has contributed to the stock's upward trajectory.