Why is Uniroyal Marine falling/rising?

As of 22-Aug, Uniroyal Marine Exports Ltd is experiencing a price increase, currently at 20.15, with a change of 0.89, representing a rise of 4.62%. The stock has shown strong performance recently, gaining 21.02% over the last four days and outperforming its sector by 5.25% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported positive results for the last three consecutive quarters, with net sales growing by 20.85% to Rs 10.78 crore and a higher profit after tax of Rs 1.08 crore, contributing to the stock's upward movement.
In the broader market context, Uniroyal Marine's short-term return of 17.02% over the past week significantly outpaces the Sensex, which has only increased by 0.88% during the same period. This strong performance in comparison to the benchmark reflects investor confidence in the company's recent financial results and growth prospects. Additionally, the rising investor participation, evidenced by an 85.59% increase in delivery volume, further supports the stock's upward trajectory. However, it is important to note that the stock has a year-to-date decline of 3.13%, contrasting with the Sensex's gain of 4.05%, indicating that while the stock is currently rising, it has faced challenges earlier in the year.