Why is Globus Spirits falling/rising?

As of 30-Jul, Globus Spirits Ltd is experiencing a price increase, currently at 1,268.00, reflecting a rise of 8.7 points or 0.69%. The stock has shown impressive performance, gaining 34.57% over the last 16 days and outperforming the benchmark with a 1-week return of +12.06% compared to the Sensex's -1.50%. Additionally, it is trading above its moving averages across various time frames, indicating strong momentum. Despite a significant drop in profits by -74.2% over the past year, the company maintains a high return on capital employed (ROCE) of 15.81% and a low debt-to-equity ratio of 0.33, which contributes to its attractive valuation and supports investor confidence.
Broader Market Context: In contrast to the broader market, which has seen negative returns of -2.34% over the past year, Globus Spirits has managed to generate a return of 34.27%, highlighting its market-beating performance. This divergence suggests that investor sentiment towards Globus Spirits remains strong, likely driven by its operational efficiency and favorable financial metrics, even amidst a challenging market environment. The rising investor participation, evidenced by a 30.89% increase in delivery volume, further underscores the stock's appeal relative to the overall market trends.