Why is M B Agro Prod. falling/rising?

As of 26-Jun, Madhya Bharat Agro Products Ltd is experiencing a price increase, currently at Rs. 437.50, which reflects a rise of Rs. 18.7 or 4.47%. The stock has recently hit a new 52-week high of Rs. 442 and has outperformed its sector by 7.73%. Over the past week, the stock has shown a remarkable return of 22.96%, and its year-to-date performance stands at an impressive 90.68%. The company has reported significant growth in net sales and operating profit, with net profit soaring by 932.61%, contributing to its positive performance in the last two quarters. However, despite these strong results, the stock is considered expensive with a ROCE of 15.7 and a high enterprise value to capital employed ratio of 5.8, which may raise concerns among investors.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 3.05% over the same week. This strong relative performance indicates robust investor interest and confidence in the company's growth prospects. However, it is noteworthy that domestic mutual funds hold no stake in the company, which could suggest a lack of comfort with the current valuation or business fundamentals. Overall, while the stock is currently rising due to strong financial results and positive market sentiment, the high valuation and lack of institutional backing may pose risks moving forward.