Why is Globus Spirits falling/rising?

As of 12-Nov, Globus Spirits Ltd is experiencing a significant rise in its stock price, currently at 1,175.60, reflecting an increase of 79.7 points or 7.27%. Today's performance indicates that the stock has outperformed its sector by 7.6%, reaching an intraday high of Rs 1251.05, which is a 14.16% increase. The stock has demonstrated strong momentum, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a notable increase in investor participation, with delivery volume rising by 59.88% compared to the 5-day average. Despite a decline in profits over the past year, the company has shown high management efficiency with a return on capital employed (ROCE) of 15.81% and a low debt-to-equity ratio of 0.33, which contributes positively to its valuation and attractiveness to investors.
In the broader market context, Globus Spirits has outperformed the benchmark, with a 1-week return of 3.56% compared to the Sensex's 1.21%, and a year-to-date return of 34.99% against the benchmark's 8.10%. This strong performance highlights the stock's resilience and appeal to institutional investors, who have increased their stake by 3.56% in the last quarter. However, it is important to note that the company has faced challenges, including a long-term growth rate of -6.04% in operating profit over the past five years, which could pose risks to its future performance. Overall, the combination of strong short-term gains, improved investor sentiment, and institutional interest has contributed to the stock's rising price.