Why is Nitta Gelatin falling/rising?

As of 10-Jul, Nitta Gelatin India Ltd's stock price is rising, currently at 961.95, reflecting an increase of 44.3 or 4.83%. The stock has reached a new 52-week high of Rs. 968 today and has outperformed its sector by 6.19%. Over the past week, the stock has shown a remarkable return of 18.85%, while the Sensex has remained nearly flat with a change of -0.06%. Additionally, the stock is trading above all its moving averages, indicating a strong upward trend. Despite a slight decline in profits over the past year, the company maintains a low Debt to EBITDA ratio of 0.62, suggesting strong debt servicing capabilities. The stock's fair valuation, with a Price to Book Value of 2.1, indicates it is trading at a premium compared to its peers, which may attract investors looking for quality.
In the broader market context, Nitta Gelatin's performance has significantly outpaced the benchmark indices, with a year-to-date return of 26.27% compared to the Sensex's 6.46%. This strong performance is further highlighted by its long-term returns, where it has outperformed the BSE500 over the last three years, one year, and three months. The rising investor participation, evidenced by a 22.95% increase in delivery volume, also supports the stock's upward movement. Overall, the combination of strong recent performance, favorable financial metrics, and positive investor sentiment contributes to the stock's rising price.