Why is MTAR Technologie falling/rising?

As of 18-Jul, MTAR Technologies Ltd is experiencing a price increase, currently at 1,556.25, reflecting a rise of 16.75 or 1.09%. The stock has shown positive performance recently, gaining 2.67% over the last four days, and outperforming its sector by 1.58% today. However, it has faced challenges in the longer term, with a decline of 8.01% over the past month and 20.54% over the past year. Despite these longer-term declines, the company demonstrates strong fundamentals, including a high return on capital employed (ROCE) of 15.98% and a low debt-to-EBITDA ratio of 0.62, which contribute positively to investor sentiment. Additionally, institutional holdings have increased by 0.95% over the previous quarter, indicating confidence from larger investors.
In the broader market context, MTAR Technologies has outperformed the Sensex in the short term, with a 1.06% increase over the past week compared to a 0.90% decline in the benchmark. This suggests that while the stock has faced longer-term challenges, its recent performance is relatively strong against the backdrop of a declining market. The falling investor participation, indicated by a 14.88% drop in delivery volume against the five-day average, may pose a concern for sustained momentum. Nonetheless, the company's strong sales growth of 36.80% and a 24.6% increase in profit after tax in the latest quarter provide a solid foundation for its recent price movement.