Why is Sandur Manganese falling/rising?

As of 24-Sep, Sandur Manganese & Iron Ores Ltd is experiencing a price increase, currently at Rs 170.60, reflecting a rise of Rs 11.8 or 7.43%. Today's price summary indicates that the stock outperformed its sector by 7.68%, reaching an intraday high of Rs 174.5, which is a 9.89% increase. The stock has shown strong performance over various periods, with a 14.70% increase over the past month and a remarkable 295.63% rise over the last three years. The company has demonstrated a robust ability to service debt, with a low Debt to EBITDA ratio of 0.44 times, and has reported positive results for the last six consecutive quarters, including a 44.9% growth in net sales and a record PAT of Rs 166.63 cr.
Broader market context shows that while Sandur Manganese has risen significantly, the benchmark Sensex has declined by 1.18% over the past week. This stark contrast highlights the stock's strong performance relative to the broader market, especially as it has consistently outperformed the BSE500 over the last three years. Despite a recent decline in investor participation, indicated by a 21.22% drop in delivery volume, the stock remains liquid enough for trading, suggesting continued interest from investors. Overall, the combination of strong financial performance, consistent returns, and favorable market conditions contributes to the stock's upward movement.