Why is Narmada Agrobase falling/rising?

As of 03-Sep, Narmada Agrobase Ltd's stock is rising, currently priced at 23.10, reflecting an increase of 0.8 or 3.59%. The stock has shown a strong performance recently, gaining 9.22% over the last three days and outperforming the Sensex with a 14.87% increase over the past month, while the Sensex has remained relatively flat with a -0.04% change. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 46.58%. Additionally, the promoters have shown confidence by increasing their stake in the company by 1.19%, which indicates a positive outlook for the business. However, despite these positive factors, the stock is considered expensive with a high enterprise value to capital employed ratio.
In the broader market context, Narmada Agrobase's recent performance contrasts with the Sensex, which has declined by 0.27% over the past week. While the agriculture sector has gained by 6.89%, Narmada Agrobase's performance today underperformed its sector by 3.12%. The rising investor participation, evidenced by a 22.2% increase in delivery volume, suggests growing interest in the stock, further supporting its upward price movement. Overall, the combination of strong financial results, increased promoter confidence, and positive sector performance contributes to the stock's rise, despite its relatively high valuation compared to peers.