Why is M B Agro Prod. falling/rising?

As of 10-Jul, Madhya Bharat Agro Products Ltd is experiencing a price increase, currently at 418.15, reflecting a rise of 15.1 or 3.75%. The stock has shown strong performance in the past month with a return of +14.73%, and it has significantly outperformed the BSE500 over the last year with an impressive return of +84.35%. Today's price summary indicates that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. However, there is a notable decline in investor participation, with delivery volume dropping by 50.78% compared to the 5-day average. The company's strong financial performance, including a 932.61% growth in net profit and consistent positive results over the last two quarters, supports the stock's upward movement, despite its relatively expensive valuation and low domestic mutual fund ownership.
In the broader market context, while the stock has outperformed the Sensex, which has seen a slight decline of -0.20% over the past week, it has also outperformed the sector by 4.15% today. The stock's long-term growth prospects are bolstered by a significant increase in net sales and operating profit, indicating robust business fundamentals. However, the high PEG ratio of 0.5 and the absence of domestic mutual fund investment could signal caution among institutional investors, potentially impacting future price movements. Overall, the combination of strong recent performance and positive financial metrics contributes to the stock's rising price, even as some risks remain.