Why is Fermenta Biotec. falling/rising?

As of 30-Jun, Fermenta Biotech Ltd's stock price is rising, currently at Rs 339.00, reflecting an increase of Rs 15.45 or 4.78%. The stock has shown strong performance today, outperforming its sector by 4.09% and achieving a consecutive gain over the last four days with a total return of 11.15% during this period. It opened with a gain of 4.71% and reached an intraday high of Rs 339.7. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 151.89% compared to the 5-day average. The company has reported outstanding financial results, including a 279.46% growth in operating profit and a significant increase in profits over the past year, contributing to a very attractive valuation.
In the broader market context, Fermenta Biotech's short-term return of 9.71% over the past week significantly outpaces the Sensex, which has only increased by 2.09% during the same period. This trend of outperformance is consistent, as the stock has also outperformed the benchmark over the last month and year. The rising confidence from promoters, who have increased their stake by 2.03%, further supports the stock's upward movement. Overall, the combination of strong financial performance, positive investor sentiment, and favorable comparisons to the benchmark has contributed to the stock's rising price.