Why is Bikaji Foods falling/rising?

As of 05-Jun, Bikaji Foods International Ltd is currently priced at 763.40, reflecting an increase of 3.3 (0.43%). The stock has shown a positive trend recently, gaining 0.76% over the last two days and outperforming its sector by 0.42%. Over the past month, the stock has risen by 9.61%, significantly outperforming the benchmark Sensex, which has only increased by 0.80%. Despite a recent decline in investor participation, as indicated by a 63.47% drop in delivery volume, the stock maintains a high management efficiency with a return on equity (ROE) of 18.16% and a low debt-to-equity ratio. However, it faces challenges due to negative quarterly results, including a 45.6% drop in profit before tax compared to previous averages, which may temper investor enthusiasm.
In the broader market context, while Bikaji Foods has generated a return of 20.11% over the past year, this is notably higher than the BSE 500's return of 8.09%. The stock's recent performance is also in contrast to its year-to-date return of -1.78%, which lags behind the Sensex's gain of 4.23%. The stock is currently in a mildly bullish technical range, supported by a bullish MACD since June 4, 2025, suggesting potential for further upward movement despite the recent negative financial results. Overall, while there are positive indicators supporting the stock's rise, the underlying financial performance raises concerns that could affect its future trajectory.