Why is Heritage Foods falling/rising?

As of 30-Jun, Heritage Foods Ltd is experiencing a rise in its stock price, currently at Rs 497.25, reflecting an increase of Rs 15.1 or 3.13%. The stock has shown strong performance today, outperforming its sector by 3.08% and reversing a two-day decline. It opened with a gain of 2% and reached an intraday high of Rs 500.65, indicating positive momentum. Additionally, Heritage Foods is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated high management efficiency with a return on equity (ROE) of 16.42% and a low debt-to-equity ratio of 0.06. Positive financial results over the last seven quarters, including a 29.61% growth in profit after tax, have contributed to the stock's attractiveness despite its underperformance over the past year.
In the broader market context, Heritage Foods has significantly outperformed the benchmark Sensex over the past week and month, with returns of 12.22% and 23.39%, respectively, compared to the Sensex's 2.09% and 2.65%. However, it has underperformed over the past year, with a decline of 11.27% against the Sensex's gain of 5.79%. Despite this long-term underperformance, the recent positive financial indicators and rising investor participation, as evidenced by increased delivery volume, suggest a renewed interest in the stock. This combination of short-term gains and solid financial fundamentals may be driving the current upward movement in Heritage Foods' stock price.