Why is Globus Spirits falling/rising?

As of 16-Jul, Globus Spirits Ltd is experiencing a price increase, currently at 1,070.00, reflecting a rise of 38.3 or 3.71%. The stock has shown strong performance recently, with a consecutive gain over the last six days, resulting in a total return of 13.56% during this period. Additionally, it has outperformed its sector by 2.11% today and is trading above all key moving averages, indicating positive momentum. Over the past year, the stock has generated a return of 24.61%, significantly higher than the broader market's return of 0.47%. However, it is important to note that while the stock is performing well, its profits have fallen by 74.2%, which could raise concerns among investors.
Broader Market Context: In the short term, Globus Spirits has outperformed the benchmark, with a 1-week return of 13.42% compared to the Sensex's decline of 1.08%. This strong performance is further supported by increasing participation from institutional investors, who have raised their stake in the company, indicating confidence in its fundamentals. The company also boasts high management efficiency and a low debt-to-equity ratio, contributing to its attractive valuation. Despite the recent positive trends, the decline in delivery volume suggests a potential decrease in retail investor interest, which could impact future price movements.