Why is Avanti Feeds falling/rising?

As of 29-Jul, Avanti Feeds Ltd. is experiencing a price increase, currently at 700.00, reflecting a rise of 6.4 points or 0.92%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite touching an intraday low of Rs 677.1 earlier in the day, the stock outperformed its sector by 0.58%. Over the past week, the stock has seen a decline of 6.85%, but it has demonstrated resilience with a year-to-date return of 2.59%. The company has reported strong financial metrics, including a high return on equity (ROE) of 16.17% and positive results for the last four consecutive quarters, which may contribute to investor confidence and the recent price increase.
In the broader market context, Avanti Feeds' short-term performance has outpaced the Sensex, which has only declined by 1.03% over the past week. While the stock has underperformed the benchmark over longer periods, such as the past month and year, its recent gains may be attributed to rising investor participation, with delivery volume increasing significantly. However, the company faces risks related to its long-term growth, as net sales and operating profit have shown modest growth rates over the past five years. Overall, the combination of strong recent performance metrics and increased trading activity appears to be driving the stock's current upward movement.