Why is Allied Blenders falling/rising?

As of 22-Jul, Allied Blenders & Distillers Ltd is experiencing a price increase, currently at 484.10, reflecting a rise of 13.6 or 2.89%. The stock has shown a notable performance today, outperforming its sector by 3.23% and recovering after two consecutive days of decline. It is currently 4.32% away from its 52-week high of Rs 505. Over the past month, the stock has appreciated by 15.25%, significantly outperforming the Sensex, which has seen a decline of 0.27%. Positive factors contributing to this rise include high management efficiency, with a return on capital employed (ROCE) of 15.95%, and strong growth in operating profit and net profit, which have increased by 38.70% and 36.8% respectively. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, while the stock has seen a short-term decline of 1.20% over the past week, it has significantly outperformed the benchmark with a remarkable 66.02% return over the last year compared to the Sensex's modest 2.09%. This strong performance relative to the market suggests that investor sentiment remains positive towards Allied Blenders, despite a recent drop in delivery volume, which has decreased by 73.65% against the 5-day average. The stock's liquidity remains adequate for trading, further supporting its upward movement in price.