Why is Heritage Foods falling/rising?

As of 24-Jun, Heritage Foods Ltd is experiencing a price increase, currently at Rs 471.40, which reflects a rise of Rs 28.3 or 6.39%. The stock has shown strong performance today, outperforming its sector by 5.95% and achieving a consecutive gain over the last three days with an overall return of 8.46% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 25.03% compared to the 5-day average, the company has demonstrated high management efficiency with a return on equity (ROE) of 16.42%, a low debt-to-equity ratio of 0.06, and consistent positive results over the last seven quarters, including a 29.61% growth in profit after tax.
In the broader market context, Heritage Foods has outperformed the Sensex in the short term, with a 1-week return of 6.20% compared to the benchmark's 0.58%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 2.68% against the Sensex's gain of 5.01%. Despite this, the stock's long-term performance remains strong, with a remarkable 239.34% increase over the past three years. The attractive valuation, indicated by a PEG ratio of 0.3 and a price-to-book value of 4.5, suggests that the stock is trading at a fair value relative to its peers, which may contribute to its recent upward movement.