Why is Godavari Bioref. falling/rising?

As of 22-Jul, Godavari Biorefineries Ltd is experiencing a price increase, with its current price at Rs 326.80, reflecting a rise of Rs 16.8 or 5.42%. The stock has outperformed its sector by 5.04% today and has been on a consecutive gain streak for the last two days, accumulating a total return of 6.04% in this period. It has also shown strong performance over the past week and month, with returns of 12.69% and 28.03%, respectively. Despite a significant drop in delivery volume, which fell by 68.57% against the 5-day average, the stock is trading above all its moving averages, indicating a bullish trend. Positive financial results, including a substantial growth in profit before tax and net sales, have contributed to the stock's attractive valuation, although it is important to note that profits have fallen significantly over the past year.
In the broader market context, Godavari Biorefineries Ltd's short-term performance stands in stark contrast to the benchmark Sensex, which has seen a decline of 0.47% over the past week and 0.27% over the past month. While the stock has generated a return of 4.04% year-to-date, it has lagged behind the Sensex's 5.18% return in the same period. This divergence highlights the stock's strong performance relative to the broader market, driven by its recent positive financial indicators and market sentiment, despite the noted decrease in investor participation.