Why is Everest Organics falling/rising?

As of 24-Oct, Everest Organics Ltd is experiencing a price increase, currently at Rs 405.70, which reflects a rise of Rs 19.3 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.38% and has been on a gaining streak for the last three days, accumulating a total return of 8.68% during this period. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, the company has reported impressive financial results, including a 36.71% growth in operating profit and a remarkable 537.2% increase in profit after tax compared to the previous four-quarter average, contributing to the stock's upward movement.
In the broader market context, Everest Organics has outperformed the Sensex in the short term, with a 1-week return of 3.27% compared to the benchmark's 0.31%. Although the stock has seen a slight decline of 0.56% over the past month, its year-to-date performance remains strong at 34.76%, significantly surpassing the Sensex's 7.77% gain. The long-term performance is also noteworthy, with a staggering 228.24% increase over the past year, further solidifying its position as a market leader. Despite a recent decline in investor participation, the overall positive financial results and consistent performance have contributed to the stock's rising price.