Why is Devyani Intl. falling/rising?

As of 11-Sep, Devyani International Ltd is experiencing a price increase, currently at Rs 188.05, reflecting a rise of Rs 2.95 or 1.59%. The stock has shown strong performance today, outperforming its sector by 1.93% and reaching an intraday high of Rs 191, which is a 3.19% increase. Over the past week, the stock has gained 4.94%, and in the past month, it has surged by 22.51%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a slight decline of 0.48% over the past year, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 38.18% and operating profit at 32.60%. However, it is important to note that profits have fallen by 115.6% over the same period, which could be a concern for investors.
In the broader market context, Devyani International's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.03% over the past week and 1.17% over the past month. The stock's strong performance can be attributed to rising investor participation, with a delivery volume increase of 10.41% compared to the 5-day average, and a liquidity level that supports trading sizes of Rs 1.84 crore. Furthermore, high institutional holdings at 27.5% suggest that knowledgeable investors are backing the stock, which may provide additional confidence to retail investors. Overall, while the stock has shown promising short-term gains, the decline in profits over the past year remains a critical factor to monitor.