Why is Aries Agro falling/rising?

As of 25-Aug, Aries Agro Ltd's stock price is currently at Rs. 433.10, reflecting an increase of Rs. 3.0 or 0.7%. The stock has recently hit a new 52-week and all-time high of Rs. 459, demonstrating strong upward momentum. It has outperformed its sector by 1.31% today and has gained 13.27% over the last two days. The stock opened with a significant gain of 4.87% today, and it is trading above all key moving averages, indicating a bullish trend. Additionally, the company has shown impressive financial performance, with a 89.43% growth in PAT over the past nine months and a high inventory turnover ratio, which further supports investor confidence. The increasing participation from institutional investors, who have raised their stake by 1.57%, also suggests a positive outlook for the company.
In the broader market context, Aries Agro's short-term performance has significantly outpaced the benchmark, with a 5.63% return over the past week compared to the Sensex's 0.45%. Over the past month, the stock has risen by 22.34%, while the benchmark has only increased by 0.21%. This consistent outperformance over various time frames, including a remarkable 205.54% increase over the last three years, indicates strong investor sentiment and confidence in the company's fundamentals. The liquidity of the stock, supported by a substantial increase in delivery volume, further enhances its attractiveness to investors, contributing to the ongoing rise in its stock price.