Why is Fermenta Biotec. falling/rising?

As of 17-Sep, Fermenta Biotech Ltd's stock is currently priced at 351.00, reflecting an increase of 1.2 (0.34%). The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 0.3%. Today, it reached an intraday high of Rs 356.9, indicating positive momentum. Despite a 2.23% decline over the past month and a year-to-date drop of 3.56%, the stock has generated a notable return of 20.12% over the past year, supported by impressive financial results, including a 922.1% growth in operating profit and a low debt-equity ratio of 0.32 times. The stock is also trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has risen by 1.56% over the past week. However, Fermenta Biotech has outperformed the BSE500 over the last three years, one year, and three months, indicating strong long-term potential. The rising investor participation, evidenced by a 14.19% increase in delivery volume, suggests growing confidence among investors despite recent fluctuations. Overall, while the stock faces some short-term challenges, its strong fundamentals and positive long-term performance contribute to its current upward movement.