Why is Nestle India falling/rising?

As of 17-Oct, Nestle India Ltd is experiencing a price increase, currently at Rs 1,289.00, reflecting a rise of 12.45 (0.98%). The stock has been performing well, gaining 9.7% over the last three days and reaching a new 52-week high of Rs 1,310.5 today. It is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns over various periods, including a year-to-date increase of 18.74% compared to the Sensex's 7.44%. The company's strong long-term fundamentals, characterized by a high Return on Capital Employed (ROCE) of 162.49% and consistent net sales growth, further support the positive price movement, despite facing some valuation concerns.
In the broader market context, Nestle India's recent performance significantly outpaces the benchmark Sensex, which has only risen by 1.76% over the past week. The stock's liquidity is also favorable, with a notable increase in delivery volume, suggesting heightened investor interest. However, potential risks remain, such as flat results reported on September 25 and a decline in profits over the past year, which could temper future growth expectations. Despite these challenges, the overall positive sentiment surrounding the company's fundamentals and market position appears to be driving the stock's upward trajectory.