Why is Permanent Magnet falling/rising?

As of 25-Aug, Permanent Magnets Ltd is experiencing a price increase, currently at 1,070.65, reflecting a rise of 35.2 points or 3.4%. The stock has shown strong performance, with a 9.25% increase over the past week and a 15.85% increase over the past month. It is also trading close to its 52-week high, just 1.25% away from Rs 1084. Additionally, the stock has outperformed its sector by 3.08% today and is trading above all its moving averages, indicating a positive trend. The company maintains a low debt-to-equity ratio of 0.03, suggesting financial stability, which may contribute to investor confidence and the stock's upward movement.
In the broader market context, Permanent Magnets Ltd's recent performance significantly outpaces the benchmark, with the Sensex only gaining 0.45% over the past week. The stock's year-to-date return of 10.84% also surpasses the Sensex's 4.48% gain. However, there is a note of caution as investor participation has declined, with delivery volume falling by 33.56% against the 5-day average. Despite this drop in participation, the overall market-beating performance in both the short and long term suggests that the stock remains attractive to investors.