Why is Gopal Snacks falling/rising?

As of 16-Sep, Gopal Snacks Ltd's stock price is currently at Rs 383.65, reflecting an increase of Rs 15.15, or 4.11%. The stock has shown a positive performance today, outperforming its sector by 4.49% and marking a trend reversal after three consecutive days of decline. It reached an intraday high of Rs 393.3, representing a 6.73% increase. Over the past week, the stock has generated a return of 0.05%, while its one-month return stands at 6.61%. Despite a significant drop in profits over the past year by 48%, the stock has still managed to yield a 13.09% return, indicating strong management efficiency with a high return on capital employed (ROCE) of 22.96% and a low debt to EBITDA ratio of 0.44 times.
In the broader market context, Gopal Snacks has outperformed the benchmark Sensex, which has returned 1.58% over the past week and 2.21% over the past month. While the stock has shown resilience with a year-to-date return of 4.25%, it has lagged behind the benchmark's year-to-date performance of 5.43%. The stock's liquidity is also favorable, with a significant increase in delivery volume, indicating rising investor participation. Overall, despite the challenges of declining profits, the stock's strong performance relative to the market and its solid financial metrics contribute to its rising price.