Why is Bikaji Foods falling/rising?

As of 18-Jul, Bikaji Foods International Ltd is experiencing a price increase, currently at Rs 752.55, reflecting a change of 4.55 (0.61%) upward. The stock has shown strong performance today, outperforming its sector by 1.27% and reaching an intraday high of Rs 766.65, which is a 2.49% increase. Over the past week, the stock has risen by 3.86%, while its one-month return stands at 5.25%. However, it is important to note that the stock has seen a decline of 3.18% year-to-date. Despite the positive short-term performance, the company has reported negative results in its latest quarterly earnings, with significant drops in profit before tax, profit after tax, and net sales compared to previous averages. The company maintains a high return on equity of 18.16% and a low debt-to-equity ratio, which are positive indicators, but the stock is trading at a premium compared to its peers.
In the broader market context, Bikaji Foods has outperformed the Sensex, which has declined by 0.90% over the past week and increased by only 0.38% over the past month. This indicates that while the stock is rising, the overall market sentiment may not be as strong. The stock's year-on-year return of 7.52% contrasts with the Sensex's modest gain of 0.51%, suggesting that Bikaji Foods is performing well relative to the market despite its recent earnings challenges. The falling investor participation, indicated by a 25.12% drop in delivery volume, could be a concern for future price stability, but the current liquidity remains adequate for trading.