Why is Allied Blenders falling/rising?

As of 31-Jul, Allied Blenders & Distillers Ltd is experiencing a price increase, currently at Rs 515.20, reflecting a rise of Rs 21.5 or 4.35%. The stock has recently hit a new 52-week high of Rs 522.8 and has shown strong performance, gaining 11.66% over the last four days. It has outperformed its sector by 3.83% today, and the stock is trading above all key moving averages. Additionally, the stock has demonstrated impressive returns over various periods, including a 67.14% increase over the past year, while the broader market has seen negative returns. Positive factors contributing to this rise include high management efficiency, consistent growth in operating profit, and increasing participation from institutional investors, which collectively enhance the stock's appeal.
In the broader market context, Allied Blenders has significantly outperformed the benchmark, with a 1-week return of +9.61% compared to the Sensex's -1.22%, and a 1-month return of +20.05% against the benchmark's -3.00%. This stark contrast highlights the stock's resilience and attractiveness to investors, especially in a challenging market environment. The company's ability to generate substantial returns while maintaining positive financial results further solidifies its position as a strong investment choice, despite its relatively high valuation metrics.