Why is IFB Agro Inds. falling/rising?

As of 18-Sep, IFB Agro Industries Ltd is experiencing a price increase, currently at 787.00, reflecting a rise of 10.7 points or 1.38%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 1.55% during this period. It has outperformed its sector by 1.35% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has demonstrated strong performance over the past year, with a return of 36.87%, significantly higher than the BSE500's negative return of -1.96%. The company has also reported healthy growth in operating profit and has declared positive results for the last three consecutive quarters, contributing to investor confidence.
In the broader market context, while the Sensex has increased by 1.80% over the past week, IFB Agro Industries Ltd has slightly underperformed with a decline of 0.32% in the same timeframe. However, the stock's year-to-date performance of 34.77% and its ability to attract institutional investors, who have increased their stake by 0.56%, indicate a strong underlying demand. Despite a very expensive valuation and a high Price to Book Value ratio, the company's low debt-to-equity ratio and robust operating profit growth suggest that investors remain optimistic about its long-term prospects.