Why is IFB Agro Inds. falling/rising?

As of 03-Sep, IFB Agro Industries Ltd is experiencing a price increase, currently at Rs 790.00, reflecting a rise of Rs 20.00 or 2.6%. The stock has shown a positive trend, gaining for three consecutive days with a total return of 5.73% during this period. Despite a recent decline of 10.29% over the past month, the stock has significantly outperformed the benchmark, generating a 31.67% return over the last year compared to the Sensex's decline of 2.41%. The company has reported strong financial performance, with a notable increase in operating profit and positive results for the last three quarters, which has attracted institutional investors, increasing their stake by 0.56%.
In the broader market context, while the stock has outperformed the sector by 1.91% today, it has faced challenges in the short term, as indicated by its 1-week return of -1.25% compared to the Sensex's -0.27%. The stock's liquidity is adequate, but there has been a significant drop in delivery volume, suggesting a potential decrease in investor participation. Additionally, the stock's high valuation relative to its peers, indicated by a Price to Book Value of 1.2, may pose risks despite its strong growth metrics. Overall, the combination of positive financial results and institutional interest appears to be driving the stock's recent upward movement, even amidst some short-term volatility.