Why is Aries Agro falling/rising?

As of 29-Jul, Aries Agro Ltd's stock price is currently at 380.00, reflecting an increase of 9.85 or 2.66%. The stock has been gaining momentum, having risen 7.34% over the last two days, and it reached an intraday high of Rs 403, which is an 8.87% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has shown impressive returns over various periods, including a 36.96% increase over the past year, while profits have surged by 75.1%. The low Debt to EBITDA ratio of 1.50 times and a PEG ratio of 0.2 suggest a solid financial position, further supported by a 1.57% increase in institutional investor stakes, indicating growing confidence in the company's fundamentals.
In the broader market context, Aries Agro's short-term performance stands in stark contrast to the benchmark, as it has gained 1.97% over the past week while the Sensex has declined by 1.03%. This trend continues over the month, with Aries Agro up 16.92% compared to the Sensex's drop of 3.24%. The fertilizer sector, in which Aries Agro operates, has also seen a positive movement, gaining 2.51%. The rising investor participation, evidenced by a 100.61% increase in delivery volume, further underscores the stock's appeal amidst a challenging market environment. Overall, the combination of strong financial metrics, consistent returns, and increased institutional interest has contributed to the stock's upward trajectory.