Why is Godavari Bioref. falling/rising?

As of 15-Jul, Godavari Biorefineries Ltd's stock price is currently at Rs 290.00, reflecting an increase of Rs 2.0 or 0.69%. The stock has been gaining momentum, having risen 3.76% over the last two days, and it reached an intraday high of Rs 299.15. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume dropping by 10.96% compared to the 5-day average. Despite the stock's recent gains, it has shown a year-to-date decline of 7.67%, while the Sensex has increased by 5.67%.
In the broader market context, Godavari Biorefineries Ltd's short-term performance of +8.59% over the past week significantly outperforms the Sensex, which has decreased by 1.36% during the same period. The company has reported positive financial results, including a notable operating profit to interest ratio and a substantial growth in net sales, which contribute to its attractive valuation. However, it is important to note that while the stock has generated a return of 0.00% over the past year, its profits have seen a significant decline of 357%, which may temper investor enthusiasm despite the recent price increase.