Why is Aveer Foods falling/rising?

As of 14-Jul, Aveer Foods Ltd is experiencing a price increase, currently at Rs 839.00, reflecting a rise of Rs 43.05 or 5.41%. The stock has recently hit a new 52-week and all-time high of Rs 849.95, demonstrating strong performance with an 8.26% return over the last two days. It has outperformed its sector by 5.77% today and is trading above all key moving averages. The company has shown robust financial health, with a low Debt to EBITDA ratio of 0.92 times and a significant annual growth rate of 45.55% in operating profit. Additionally, it has reported positive results for the last three consecutive quarters, contributing to its impressive one-year return of 69.49%, which is substantially higher than the broader market's performance.
In the broader market context, Aveer Foods has outperformed the benchmark Sensex, which has declined by 1.42% over the past week while the stock itself has gained 6.20%. This strong relative performance highlights the stock's resilience and attractiveness to investors, despite a noted decrease in delivery volume, which fell by 98.34% against the five-day average. While the stock's valuation appears expensive with a Price to Book Value of 16.9, it is trading at a discount compared to its peers' historical valuations. The combination of strong financial results and market-beating performance has contributed to the stock's upward movement, despite some risks associated with its valuation metrics.