Why is Bhageria Indust. falling/rising?

As of 04-Jul, Bhageria Industries Ltd is experiencing a price increase, currently valued at Rs 211.60, reflecting a rise of 5.9 points or 2.87%. The stock has shown strong performance today, outperforming its sector by 1.73% and achieving a consecutive gain over the last two days with a total return of 4.47%. It has also been trading above its moving averages across various time frames, indicating positive momentum. Notably, the company has reported a significant growth in net profit of 32.86% and has delivered positive results for six consecutive quarters, contributing to its strong performance with a one-year return of 24.54%, significantly higher than the market's average return.
In the broader market context, while Bhageria Industries has outperformed the Sensex in the short term with a 12.05% return over the past week compared to the benchmark's decline of 0.74%, it is important to note that its performance over longer periods, such as three and five years, has lagged behind the benchmark. This indicates that while the stock is currently on an upward trajectory, its long-term performance relative to the market may warrant caution. Additionally, there has been a decline in investor participation, with delivery volume dropping significantly, which could impact future price movements.