Why is Solid Stone Co falling/rising?

As of 22-Jul, Solid Stone Company Ltd is experiencing a price increase, currently at 36.97, with a change of 0.18, representing a 0.49% rise. The stock has shown positive performance recently, gaining 7.97% over the last three days, although it underperformed its sector by 0.5% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite this, there has been a decline in investor participation, with delivery volume falling by 1.93% against the 5-day average. The stock has generated a return of 7.00% over the past year, but profits have decreased by 3%, which may temper investor enthusiasm. The company has reported positive financial metrics, including a higher PAT and significant growth in net sales, contributing to its attractive valuation compared to peers.
In the broader market context, Solid Stone Co's short-term return of 5.99% over the past week contrasts sharply with the Sensex, which has declined by 0.47% in the same period. This indicates that the stock is outperforming the broader market, which may attract further investor interest. However, the year-to-date performance shows the stock lagging behind the Sensex, which has gained 5.18%. The mixed performance over different time frames suggests that while the stock is currently rising, it faces challenges in maintaining momentum in the face of declining profits and reduced trading volume.