Why is Bhartiya Intl. falling/rising?

As of 11-Jul, Bhartiya International Ltd is experiencing a price increase, currently at Rs 814.45, reflecting a rise of Rs 33.65 or 4.31%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 13.43% during this period. It is also close to its 52-week high, just 4.36% away from Rs 850. The stock has outperformed its sector by 2.78% today and is trading above all its moving averages, indicating strong momentum. Additionally, the company has shown impressive financial performance, with net sales growing by 34.22% and profits increasing significantly, which has contributed to positive investor sentiment. Promoter confidence is also high, as they have increased their stake in the company, further supporting the stock's upward movement.
In the broader market context, Bhartiya International Ltd has outperformed the benchmark Sensex over the past week, with a return of 12.63% compared to the Sensex's decline of 1.12%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors, especially given its consistent returns over the last three years. While the stock has generated a return of 66.81% over the past year, the Sensex has only increased by 3.26%, showcasing the stock's superior performance in a challenging market environment. Overall, the combination of strong financial results, rising investor participation, and increased promoter confidence has contributed to the stock's recent rise.