Why is Godavari Bioref. falling/rising?

As of 29-Jul, Godavari Biorefineries Ltd is experiencing a price increase, currently at Rs 315.20, reflecting a rise of Rs 9.2 or 3.01%. Today's price summary indicates that the stock has outperformed its sector by 2.01% and has gained after three consecutive days of decline. Although the stock opened lower with a loss of 3.81%, it reached an intraday high of Rs 321.3, showcasing volatility. Over the past week, the stock has seen a decline of 3.55%, but it has performed well over the past month with a gain of 24.49%. Positive financial results, including a significant growth in profit before tax and net sales, contribute to its attractive valuation despite a substantial drop in profits over the past year.
Broader market context shows that while Godavari Biorefineries Ltd has outperformed its sector today, it has underperformed the benchmark Sensex over the past week and month. The Sensex has declined by 1.03% in the last week and 3.24% in the last month, contrasting with the stock's recent gains. The falling investor participation, indicated by a 45.39% drop in delivery volume, suggests caution among investors, which may temper the stock's upward momentum despite its positive financial indicators.