Why is Godrej Agrovet falling/rising?

As of 05-Jun, Godrej Agrovet Ltd. is experiencing a slight increase in its stock price, currently at 816.85, reflecting a change of 1.65 or 0.2% upward. The stock has been on a positive trajectory, gaining for the last four days and achieving an impressive 8.51% return during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong technical performance. Additionally, the stock has shown significant growth over various time frames, with a 51.34% return over the past year, outpacing the broader market's return of 9.49%. The stock's attractive valuation, with a return on capital employed (ROCE) of 15.8 and a favorable PEG ratio of 1.9, further supports its bullish outlook.
In the broader market context, Godrej Agrovet's performance stands out as it has significantly outperformed the benchmark index, the Sensex, which has seen a decline of 0.23% over the past week. The stock's recent gains are bolstered by rising investor participation, with a notable increase in delivery volume, suggesting strong demand. The technical indicators, including MACD and Bollinger Bands, are also in a bullish range, reinforcing the stock's upward momentum. Overall, the combination of strong technical performance, attractive valuation metrics, and robust returns compared to the market contributes to the stock's rising price.