Why is Allied Blenders falling/rising?

As of 18-Sep, Allied Blenders & Distillers Ltd is experiencing a price increase, currently at Rs 553.00, reflecting a rise of 7.3 points or 1.34%. The stock has shown strong performance recently, with a 4.35% increase over the past week and a notable 10.93% rise over the last month. It is also close to its 52-week high, just 2.29% away from Rs 565.65. Despite a recent dip in investor participation, with delivery volume falling by 40.39% against the 5-day average, the stock is trading above all key moving averages, indicating a positive trend. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 15.95% and has reported consistent growth in operating profit and net sales, which has likely contributed to the stock's upward movement.
In the broader market context, Allied Blenders has significantly outperformed the benchmark, with a 60.48% return over the past year compared to the BSE500's negative return of -1.96%. This strong performance is further supported by increasing participation from institutional investors, who have raised their stake in the company, indicating confidence in its fundamentals. However, the stock's valuation is considered expensive, with a high enterprise value to capital employed ratio, which could pose risks if profit growth does not keep pace with its valuation. Overall, the combination of strong financial performance, institutional interest, and market-beating returns has driven the stock's recent rise.