Why is Bikaji Foods falling/rising?

As of 28-Aug, Bikaji Foods International Ltd is currently priced at 793.80, reflecting a slight increase of 1.0 (0.13%). Despite opening the day with a loss of 2.85% and reaching an intraday low of Rs 770.2, the stock has shown resilience by outperforming its sector by 1.06%. Over the past week, Bikaji Foods has gained 1.19%, while over the past month, it has increased by 6.22%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 74.05% compared to the 5-day average. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which contribute positively to its recent performance.
In the broader market context, Bikaji Foods has outperformed the Sensex, which has declined by 2.34% over the past week and 1.00% over the past month, while Bikaji Foods has shown positive returns in both periods. The stock's year-to-date performance is slightly behind the benchmark, with a gain of 2.13% compared to the Sensex's 2.48%. This indicates that while the stock has faced some short-term challenges, its overall performance remains strong relative to the market, supported by its operational growth and institutional backing.