Why is IFB Agro Inds. falling/rising?

As of 19-Aug, IFB Agro Industries Ltd is experiencing a price increase, with the current price at Rs 789.60, reflecting a rise of Rs 37.6 or 5.0%. Today's performance indicates a positive trend, as the stock has gained after two consecutive days of decline, opening with a gain of 3.19%. It has outperformed its sector by 3.88% today and has shown strong returns over various periods, including a 35.22% increase year-to-date and a 32.93% increase over the past year. The company has also reported positive financial results, with significant growth in operating profit and increasing participation from institutional investors, which suggests confidence in the company's fundamentals.
In the broader market context, while the Sensex has generated a return of only 1.76% over the past week and has been flat over the last month, IFB Agro Industries Ltd has managed to outperform with a 0.59% increase in the same timeframe. This performance is particularly notable given that the stock has delivered a 32.93% return over the past year, contrasting sharply with the negative returns of -0.91% from the broader market (BSE500). Despite some concerns regarding its valuation and falling investor participation, the overall positive financial indicators and institutional interest appear to be driving the stock's upward movement.