Why is Assoc.Alcohols falling/rising?

As of 04-Jul, Associated Alcohols & Breweries Ltd is experiencing a price increase, currently at 1,200.00, reflecting a rise of 54.45 or 4.75%. The stock has shown strong performance today, outperforming its sector by 4.13% and has gained 7.05% over the last two days. It reached an intraday high of Rs 1225.05, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume, which fell by 62.94% against the 5-day average, the company has reported positive results over the last four quarters, with a notable growth in PAT and net sales. The stock's impressive one-year return of 74.97% significantly outpaces the market, indicating strong investor confidence.
In the broader market context, the stock's short-term return of 6.86% over the past week contrasts sharply with the Sensex, which has declined by 0.74%. This indicates that Associated Alcohols & Breweries Ltd is not only performing well relative to the market but is also benefiting from a favorable valuation, as it trades at a discount compared to its peers. The company's low debt-to-equity ratio and attractive return on capital employed further bolster its appeal, suggesting that the recent price rise is supported by solid financial fundamentals and market-beating performance.