Why is Oceanic Foods falling/rising?

As of 18-Jul, Oceanic Foods Ltd is experiencing a price increase, currently at Rs 52.65, reflecting a rise of Rs 3.15 or 6.36%. Today's price summary indicates that the stock has outperformed its sector by 7.02% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 53.5, demonstrating significant volatility with a wide trading range of Rs 5.2. Additionally, Oceanic Foods has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 56.33% compared to the 5-day average. The company has also reported positive financial results for the last seven consecutive quarters, with significant increases in key metrics such as PBDIT and net sales, which contribute to its attractive valuation compared to peers.
In the broader market context, Oceanic Foods has shown a strong short-term performance, with a 1-week return of +8.13%, while the benchmark Sensex has declined by 0.90% during the same period. This indicates that Oceanic Foods is not only performing well relative to its historical performance but also significantly better than the overall market. Despite a year-over-year return of -4.50%, the company's profits have surged by 95.7%, suggesting that the recent price movement is supported by solid financial fundamentals and investor confidence, particularly in light of its majority shareholder structure being held by promoters.