Why is L T Foods falling/rising?

As of 09-Jul, L T Foods Ltd's stock price is rising, currently at Rs 493.20, reflecting an increase of Rs 8.05 or 1.66%. The stock has been gaining for the last two days, with a total return of 1.99% during this period. It is currently trading close to its 52-week high, just 3.2% away from Rs 509. The stock has shown strong performance over the past month with a return of 4.77%, and an impressive annual return of 79.44%. Positive factors contributing to this rise include high management efficiency, a low debt-to-equity ratio, and consistent long-term growth in net sales and operating profit. Additionally, there has been increasing participation from institutional investors, who have raised their stake in the company, indicating confidence in its fundamentals.
In the broader market context, L T Foods has outperformed the benchmark Sensex in the short term, with a 1-week return of -0.62% for the stock compared to a slight gain of +0.15% for the Sensex. This indicates that while the stock has seen some recent volatility, it has maintained a strong upward trajectory over longer periods, significantly outperforming the benchmark over the past year and three years. The stock's liquidity remains adequate, although there has been a notable decline in delivery volume, which may suggest a cautious sentiment among retail investors. Overall, the combination of strong fundamentals and institutional interest appears to be driving the stock's recent upward movement.