Why is Allied Blenders falling/rising?

As of 13-Aug, Allied Blenders & Distillers Ltd is experiencing a price increase, currently at 493.60, reflecting a change of 2.5 (0.51%) upward. Today's price summary indicates that the stock has outperformed its sector by 0.82% and has shown a trend reversal after three consecutive days of decline. Despite a recent drop in delivery volume by 65.68% compared to the 5-day average, the stock remains liquid enough for trading. Over the past week, the stock has decreased by 0.56%, but it has significantly outperformed the benchmark with a 10.28% increase over the past month and a remarkable 63.04% rise over the past year. The company's strong fundamentals, including a high return on capital employed (ROCE) of 15.95% and impressive growth in operating profit and net sales, have contributed positively to its recent performance.
In the broader market context, while the BSE500 index has generated negative returns of -0.64% over the past year, Allied Blenders has managed to achieve substantial gains, highlighting its market-beating performance. The stock's recent upward movement can also be attributed to increasing participation from institutional investors, who have raised their stake by 0.79% in the last quarter, indicating confidence in the company's prospects. However, it is important to note that the stock's valuation appears expensive, with a high enterprise value to capital employed ratio, which could pose risks if profit growth does not keep pace with its stock price increase.