Why is Murudesh.Ceramic falling/rising?

As of 21-Jul, Murudeshwar Ceramics Ltd is experiencing a price increase, currently at Rs 47.33, which reflects a rise of 1.33 or 2.89%. The stock has shown a positive trend today, outperforming its sector by 2.31% and reversing a two-day decline. It reached an intraday high of Rs 47.87, marking a 4.07% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in delivery volume, the company has reported positive financial results over the last three quarters, with significant growth in profit after tax and net sales, indicating strong operational performance and attractive valuation metrics compared to its peers.
In the broader market context, Murudeshwar Ceramics has outperformed the Sensex in the short term, with a 1-week return of +4.90% compared to the benchmark's -0.06%. However, over the year-to-date, the stock has underperformed with a return of -7.20% against the Sensex's +5.20%. The stock's long-term performance remains strong, with a 3-year return of +95.98% and a 5-year return of +187.72%, suggesting that while it has faced challenges recently, its overall trajectory has been positive. The combination of strong quarterly results and a favorable valuation may be contributing to the current upward movement in the stock price.