Why is MTAR Technologie falling/rising?

As of 15-Oct, MTAR Technologies Ltd is experiencing a price increase, currently at Rs. 2,206.70, reflecting a rise of 80.6 points or 3.79%. The stock has reached a new 52-week high of Rs. 2,247 today and has outperformed its sector by 3.75%. Over the past three days, the stock has gained 17.31%, indicating strong momentum. Additionally, the stock has shown impressive returns over various periods, including a 32.07% increase over the last month and a 22.32% increase over the past year, despite the broader market's negative performance. The company's high management efficiency, as evidenced by a return on capital employed (ROCE) of 15.98%, and a low debt to EBITDA ratio of 0.62 times, further support its positive outlook. However, concerns about long-term growth persist due to a modest annual operating profit growth rate of 7.61% over the last five years.
In the broader market context, MTAR Technologies has significantly outperformed the benchmark, with a 12.69% return over the past week compared to the Sensex's 1.02% increase. This trend is consistent with the stock's year-to-date performance, where it has achieved a 33.98% return against the Sensex's 5.72%. The substantial rise in delivery volume, which increased by 1145.76% against the five-day average, indicates rising investor participation and confidence in the stock. Despite the stock's high valuation, as indicated by a PEG ratio of 2.4, its ability to generate returns in a challenging market environment highlights its resilience and attractiveness to investors.