Why is Permanent Magnet falling/rising?

As of 26-Aug, Permanent Magnets Ltd's stock price is rising, currently at Rs. 1,097.50, reflecting an increase of Rs. 26.85 or 2.51%. The stock has recently hit a new 52-week high of Rs. 1,144.95 and has outperformed its sector by 3.61%. Over the last two days, it has gained 5.99%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns over various periods, including an 18.75% increase over the past month and a remarkable 201.93% rise over the last three years. The company maintains a low debt-to-equity ratio of 0.03, contributing to its positive outlook and supporting its recent price movements.
In the broader market context, Permanent Magnets Ltd has significantly outperformed the Sensex, which has declined by 1.05% over the past week while the stock rose by 10.79%. This trend of outperformance is consistent, as the stock has also surpassed the benchmark over the past month and year. Despite a recent decline in investor participation, with delivery volume down by 33.56%, the stock's liquidity remains adequate for trading. Overall, the combination of strong historical performance, low debt levels, and recent price gains suggests a robust position for Permanent Magnets Ltd in a challenging market environment.