Why is Bikaji Foods falling/rising?

As of 25-Aug, Bikaji Foods International Ltd is experiencing a price increase, currently at Rs 798.40, which reflects a rise of Rs 28.45 or 3.7%. The stock has shown a positive performance today, outperforming its sector by 3.83% and opening with a gain of 3.09%. It reached an intraday high of Rs 802.95, indicating strong buying interest. Additionally, the stock has gained after two consecutive days of decline and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date return of 2.72%, the stock has underperformed over the past year with a decline of 6.50%. Positive factors contributing to the stock's rise include high management efficiency reflected in a return on equity of 18.16%, a low debt-to-equity ratio, and healthy long-term growth in operating profit at an annual rate of 34.62%. Furthermore, high institutional holdings at 20.01% suggest confidence from knowledgeable investors.
In the broader market context, Bikaji Foods has outperformed the Sensex in the short term, with a 1-week return of 3.69% compared to the benchmark's 0.45%. This indicates that the stock is gaining traction relative to the overall market. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 87.79% against the 5-day average, which could raise concerns about the sustainability of the current price movement. Overall, while the stock is currently rising, the decline in investor participation may warrant caution moving forward.