Why is Godrej Agrovet falling/rising?

As of 05-Aug, Godrej Agrovet Ltd. is experiencing a price increase, currently at 815.00, reflecting a rise of 3.65 (0.45%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent drop in delivery volume by 38.88% against the 5-day average, the stock has outperformed its sector by 1.16% today. Over the past year, Godrej Agrovet has generated a return of 2.71%, with profits rising by 19.5%, indicating strong underlying performance. The stock is trading at a discount compared to its peers, supported by an attractive valuation with a return on capital employed (ROCE) of 15.8 and a PEG ratio of 1.9.
In the broader market context, Godrej Agrovet's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the past week, month, and year, while the Sensex has shown negative returns in the short term. The stock's year-to-date return of 10.02% also surpasses the Sensex's 3.29%, highlighting its resilience in a challenging market environment. Overall, the combination of positive earnings growth, attractive valuation metrics, and a recent uptick in price suggests that Godrej Agrovet is positioned favorably compared to broader market trends.