Why is Allied Blenders falling/rising?

As of 04-Aug, Allied Blenders & Distillers Ltd is experiencing a price increase, currently at Rs 529.60, which reflects a rise of Rs 18.85 or 3.69%. The stock is close to its 52-week high, just 0.43% away from Rs 531.9, and has outperformed its sector by 3.63% today. It has shown strong performance over various periods, with a 1-week return of 11.02%, a 1-month return of 22.49%, and a year-to-date return of 23.25%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 15.95% and has reported positive results for the last five consecutive quarters, contributing to its robust growth in net sales and profit after tax.
In the broader market context, while the stock has significantly outperformed the benchmark Sensex, which has seen a slight increase of only 0.16% over the past week, Allied Blenders has achieved a remarkable 76.15% return over the past year, contrasting sharply with the negative returns of -2.34% from the BSE500. Additionally, there has been an increase in institutional investor participation, which can indicate 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 properly.