Why is Bhagyanagar Ind falling/rising?

As of 18-Jul, Bhagyanagar India Ltd is experiencing a price increase, currently at Rs 105.25, which reflects a rise of Rs 11.0 or 11.67%. The stock has shown strong performance today, outperforming its sector by 12.64%, and has been on a consecutive gain streak for the last five days, accumulating a total return of 26.75% during this period. The stock reached an intraday high of Rs 111.27 and has demonstrated high volatility with an intraday fluctuation of 7.38%. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. Despite a year-over-year decline of 7.35% in returns, the company has reported strong financials, including record net sales and cash equivalents, which may contribute to investor confidence.
In the broader market context, Bhagyanagar India's recent performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.90% over the past week. The stock's impressive 40.80% return over the past month further highlights its strength relative to the benchmark's modest gain of 0.38%. This divergence suggests that investor sentiment towards Bhagyanagar India Ltd is notably positive, especially given the rising investor participation and liquidity in the stock. While the company has faced challenges with a significant drop in profits over the past year, its attractive valuation compared to peers and strong recent financial results appear to be driving the current upward price movement.