Why is Bikaji Foods falling/rising?

As of 15-Sep, Bikaji Foods International Ltd is experiencing a price increase, currently at Rs 790.70, reflecting a rise of Rs 12.25 or 1.57%. The stock has shown positive momentum, gaining 2.8% over the last three days and outperforming its sector by 1.56% today. Additionally, it has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite a year-to-date return of only 1.73%, the company has demonstrated healthy long-term growth with an operating profit growth rate of 34.62%. The high return on equity (ROE) of 18.16% and low debt-to-equity ratio further bolster investor confidence, although there has been a notable decline in delivery volume, which fell by 57.49% against the 5-day average.
In the broader market context, Bikaji Foods has outperformed the benchmark Sensex over the past week, with a return of 0.39% compared to the Sensex's 1.24%. However, over the past month, the stock has also outperformed the benchmark, gaining 9.42% against the Sensex's 1.47%. This suggests that while the stock is currently rising, it is doing so in a market that is also showing positive movement, albeit at a slower pace. The high institutional holdings at 20.01% indicate that knowledgeable investors are backing the stock, which may contribute to its recent price increase despite the drop in investor participation.