Why is NMDC falling/rising?

As of 23-Jul, NMDC Ltd's stock price is currently at 73.02, reflecting an increase of 0.93 or 1.29%. The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 7.37% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 33.8% compared to the 5-day average. The company boasts a high dividend yield of 3.88% and strong long-term fundamentals, including a robust average return on equity (ROE) of 27.77% and healthy net sales growth of 15.36% annually. Despite a negative return of -5.70% over the past year, the company's profits have increased by 13.2%, contributing to its fair valuation and attractiveness to investors.
In the broader market context, NMDC's recent performance has significantly outpaced the benchmark Sensex, which has only risen by 0.11% over the past week. The stock's 1-week return of 6.43% and 1-month return of 7.40% further highlight its strong performance relative to the market. Additionally, with high institutional holdings at 26.69%, the stock benefits from the analytical capabilities of these investors, which may enhance confidence in its long-term prospects. Overall, while there are some risks, such as a flat PAT in the last quarter and a low debtors turnover ratio, the combination of strong fundamentals and positive recent performance has contributed to the stock's upward movement.