Why is Heritage Foods falling/rising?

As of 19-Sep, Heritage Foods Ltd is currently priced at 525.05, reflecting a decrease of 2.4 points or 0.46%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, Heritage Foods has shown strong performance over the past week and month, with returns of 7.71% and 11.75%, respectively. The stock is trading above its moving averages across various time frames, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by over 1129% compared to the five-day average. The company maintains a high return on equity (ROE) of 16.42% and a low debt-to-equity ratio of 0.06, contributing to its attractive valuation despite the recent price drop.
In the broader market context, Heritage Foods has outperformed the Sensex in the short term, with a one-week return of 7.71% compared to the benchmark's 0.88%. However, the stock has underperformed over the past year, with a return of -7.56% against the Sensex's slight decline of -0.67%. This suggests that while the stock has had strong recent performance, its long-term trajectory has been less favorable. The stock is currently trading at a premium compared to its peers, which may be a factor in its recent price movement, as investors weigh the company's solid fundamentals against its valuation relative to the market.