Why is Bikaji Foods falling/rising?

As of 29-Jul, Bikaji Foods International Ltd's stock price is currently at Rs 769.55, reflecting an increase of Rs 22.2, or 2.97%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 2.88%. Additionally, it reached an intraday high of Rs 774.45. Over the past week, the stock has increased by 0.99%, while it has performed better than the benchmark Sensex, which has declined by 1.03% over the same period. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which contribute positively to its stock performance despite a recent drop in investor participation.
Broader market context indicates that while Bikaji Foods has generated an 8.61% return over the past year, the broader market, represented by the BSE500, has seen negative returns of -2.26%. This suggests that the stock is maintaining a strong position relative to the market, even as it faces challenges such as a significant drop in delivery volume. The stock's ability to trade above its moving averages further supports its upward movement, indicating a potential trend reversal and resilience in a generally declining market environment.