Why is Bikaji Foods falling/rising?

As of 16-Sep, Bikaji Foods International Ltd is experiencing a price increase, currently trading at 799.00, which reflects a rise of 8.3 or 1.05%. The stock has shown a positive performance today, outperforming its sector by 1.43%, and has been on a consecutive gain streak for the last four days, accumulating a total return of 3.87% during this period. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 3.36% and 10.57%, respectively. The company benefits from high management efficiency, indicated by a return on equity (ROE) of 18.16%, a low debt-to-equity ratio, and strong long-term growth potential with an annual operating profit growth rate of 34.62%. However, it is worth noting that investor participation has decreased, with delivery volume falling by 36.4% compared to the five-day average.
In the broader market context, Bikaji Foods has outperformed the Sensex in both the one-week and one-month periods, suggesting that its recent gains are not solely due to market trends but also reflect company-specific strengths. While the stock has underperformed the benchmark on a year-to-date basis, the recent positive momentum indicates a potential recovery phase. The high institutional holdings at 20.01% suggest that knowledgeable investors are confident in the company's fundamentals, which may contribute to the stock's upward movement despite the recent decline in delivery volumes. Overall, the combination of strong operational metrics and recent positive performance relative to the sector supports the stock's rising price.