Why is Sandur Manganese falling/rising?

As of 09-Oct, Sandur Manganese & Iron Ores Ltd is experiencing a price increase, currently at Rs 203.35, reflecting a rise of 17.1 or 9.18%. The stock has shown a strong performance today, outperforming its sector by 7.95% and reversing a trend after two consecutive days of decline. It reached an intraday high of Rs 207.15, indicating significant volatility with a wide trading range of Rs 23.35. Over the past week, the stock has gained 20.65%, and it has demonstrated impressive returns over longer periods, including a 388.73% increase over three years and a 1549.39% increase over five years. The company has also reported strong financials, with net sales growing at an annual rate of 41.33% and operating profit at 48.76%, alongside positive results for the last six consecutive quarters.
In the broader market context, the stock's short-term performance significantly outpaces the benchmark, with a 20.65% increase over the past week compared to the Sensex's 1.47% rise. This indicates a strong relative strength in the stock. Despite a recent decline in investor participation, as evidenced by a 60.73% drop in delivery volume compared to the five-day average, the stock remains liquid enough for trading. The company's low Debt to EBITDA ratio of 0.44 times further supports its financial stability, contributing to investor confidence and the stock's upward movement. Overall, the combination of strong financial performance, historical returns, and a recent trend reversal has positively influenced the stock's price trajectory.