Why is Ajanta Soya falling/rising?

As of 29-Jul, Ajanta Soya Ltd's stock price is currently at 35.71, reflecting an increase of 0.88 or 2.53%. The stock has recently experienced a trend reversal, gaining after seven consecutive days of decline. Despite this positive movement, it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has outperformed its sector by 1.3% today, and there has been a significant increase in investor participation, with delivery volume rising by 134.48% compared to the 5-day average. Over the past year, the stock has generated a return of 18.44%, while its profits have surged by 573.5%, indicating strong underlying performance despite a long-term growth concern due to slower net sales growth.
In the broader market context, Ajanta Soya's short-term performance contrasts with the benchmark, as it has outperformed the Sensex, which has seen a decline of 1.03% over the past week. While the stock has shown resilience with a positive return over the last year, the overall market (BSE500) has generated negative returns of -2.26%. This suggests that despite some challenges, including a low long-term growth rate in net sales and operating profit, Ajanta Soya's recent positive results and attractive valuation metrics have contributed to its current upward price movement.