Why is Heritage Foods falling/rising?

As of 01-Sep, Heritage Foods Ltd is experiencing a price increase, with its current price at Rs 470.55, reflecting a rise of Rs 9.55 or 2.07%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline, outperforming its sector by 1.47%. The stock touched an intraday high of Rs 470.6, and while it is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, it remains below the 50-day moving average. Despite a year-to-date decline of 2.86% and a significant drop of 16.85% over the past year, the company's profits have increased by 19.1%, contributing to a relatively attractive valuation with a Price to Book Value of 4.5. The company also boasts a high management efficiency with a return on equity (ROE) of 16.42% and a low debt to equity ratio of 0.06 times, which supports its recent price movement.
In the broader market context, Heritage Foods' short-term performance has been relatively stable compared to the benchmark Sensex, which has declined by 1.56% over the past week while Heritage Foods has increased by 0.03%. However, the stock has underperformed the benchmark over the past month and year, indicating a mixed performance relative to the market. The decline in investor participation, with a significant drop in delivery volume, suggests caution among investors, despite the stock's recent gains. Overall, while the stock shows signs of recovery, its longer-term performance remains a concern, particularly in light of the broader market trends.