Why is Bhartiya Intl. falling/rising?

As of 11-Aug, Bhartiya International Ltd's stock price is currently at Rs 870.55, reflecting an increase of Rs 25.9, or 3.07%. The stock has been on a positive trajectory, gaining for the last three days and rising by 5.2% during this period. It opened with a gain of 2.28% today and reached an intraday high of Rs 887.35. Despite this upward movement, the stock has underperformed its sector by 0.62%. Over the past month, the stock has shown a return of 6.89%, while it has significantly outperformed the benchmark Sensex over the past year with an impressive return of 83.29%. The company has reported strong financial results, including a 34.22% growth in net sales and a remarkable 1544% increase in profits over the past year, contributing to its attractive valuation and positive investor sentiment.
In the broader market context, while Bhartiya International Ltd has experienced a short-term decline of 4.06% over the past week, the benchmark Sensex has only decreased by 0.51%, indicating that the stock has been underperforming recently. However, the stock's long-term performance remains robust, outperforming the BSE500 over the last three years, one year, and three months. The leather sector has also seen gains of 3.7%, which may provide additional support for the stock's upward movement. Overall, the combination of strong financial results, rising investor participation, and favorable sector performance suggests that the stock's recent rise is driven by positive company fundamentals, despite some short-term fluctuations relative to the benchmark.