Why is Allied Blenders falling/rising?

As of 28-Jul, Allied Blenders & Distillers Ltd is experiencing a price increase, currently at 477.05, reflecting a rise of 15.65 or 3.39%. Today's price summary indicates that the stock has outperformed its sector by 2.67% and has shown a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 482.6, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 11.14% compared to the 5-day average. The stock has demonstrated strong performance over various periods, with a 51.18% return over the past year, significantly outperforming the benchmark Sensex, which has seen a decline of 0.54%.
In the broader market context, while the BSE500 has generated negative returns of -2.52% over the last year, Allied Blenders has managed to achieve substantial growth, indicating its resilience and strong market position. The company benefits from high management efficiency, evidenced by a return on capital employed (ROCE) of 15.95%, and has reported impressive growth in operating profit and net profit. Furthermore, institutional investors have increased their stake, reflecting confidence in the company's fundamentals. However, it is worth noting that the stock's valuation appears expensive, with a high enterprise value to capital employed ratio, which could pose risks if not managed carefully.