Why is Allied Blenders falling/rising?

As of 07-Aug, Allied Blenders & Distillers Ltd is experiencing a price increase, currently at 505.50, which reflects a rise of 9.1 or 1.83%. Today's price summary indicates that the stock has outperformed its sector by 1.9% and has shown a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 510.55, although it also touched a low of Rs 485.2 during the day. Despite this positive movement, there has been a notable decrease in investor participation, with delivery volume falling by 29.3% compared to the five-day average. The stock's performance over the past month shows a significant increase of 17.45%, while the year-to-date return stands at 17.64%, and the one-year return is a substantial 68.16%.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.69% over the past week and by 3.38% over the past month. This indicates that while Allied Blenders has been able to maintain a positive trajectory, the overall market has faced challenges. The stock's ability to outperform the benchmark in the short term, coupled with a strong year-on-year performance, suggests resilience despite the recent drop in trading volume. Overall, the stock's upward movement today can be attributed to a combination of a trend reversal and strong historical performance, even as it faces some headwinds in terms of investor participation.