Why is Godrej Agrovet falling/rising?

As of 24-Jul, Godrej Agrovet Ltd. is experiencing a price increase, currently at Rs. 853.80, which reflects a rise of 5.1 (0.6%). The stock has recently hit a new 52-week high of Rs. 876.3 and has shown strong performance, gaining 10.16% over the last six days. It has outperformed its sector by 1.94% today, and is trading above all key moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 308.85% compared to the five-day average. Despite a slight decline of 0.62% over the past year, the company's profits have increased by 19.5%, indicating a strong underlying performance, which is supported by an attractive valuation compared to its peers.
In the broader market context, Godrej Agrovet's short-term performance is notably strong, with a 1-week return of +8.53%, while the benchmark Sensex has remained nearly flat at -0.09% during the same period. This indicates that the stock is not only gaining traction on its own but is also outperforming the broader market. The company's solid return on capital employed (ROCE) of 15.8 and a PEG ratio of 2 suggest that it is well-positioned for future growth, despite its recent underperformance over the past year compared to the benchmark's +2.54% return. Overall, the combination of positive stock-specific factors and a favorable comparison to the market contributes to the rising price of Godrej Agrovet.