Why is Bikaji Foods falling/rising?

As of 27-Jun, Bikaji Foods International Ltd is experiencing a price increase, currently at 754.95, which reflects a rise of 4.95 or 0.66%. The stock has shown a positive trend, gaining for the last four days and achieving a total return of 6.74% during this period. It is performing well relative to its recent moving averages, being higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 370.56% against the 5-day average. The company also demonstrates strong fundamentals, including a high return on equity (ROE) of 18.16% and a low debt-to-equity ratio, which contribute positively to investor sentiment.
In the broader market context, Bikaji Foods has outperformed the Sensex over the past week, with a return of 6.63% compared to the benchmark's 2.00%. However, the stock has underperformed on a year-to-date basis, showing a decline of 2.87% while the Sensex has increased by 7.58%. Despite this, the recent upward momentum and strong management efficiency may indicate a potential recovery phase for the stock, aligning it more closely with positive market trends.