Why is Oceanic Foods falling/rising?

As of 13-Aug, Oceanic Foods Ltd is experiencing a price increase, with the current price at Rs 62.74, reflecting a rise of Rs 1.75 or 2.87%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It reached an intraday high of Rs 64, showcasing a 4.94% increase, although it also touched a low of Rs 59.35 earlier in the day. The stock has outperformed its sector by 2.74%, and there has been a notable increase in investor participation, with delivery volume rising by 57.7% compared to the five-day average. Over the past month, the stock has shown a significant return of 28.86%, contrasting with the Sensex's decline of 2.38% during the same period.
In the broader market context, Oceanic Foods has demonstrated strong performance relative to the benchmark, particularly over the long term, with a 12.78% return over the past year compared to the Sensex's 2.01%. The company's positive financial results over the last eight quarters, including a substantial growth in net sales and operating profit, contribute to its attractive valuation, which is currently trading at a discount compared to peers. This combination of strong financial performance and favorable market conditions has likely bolstered investor confidence, leading to the recent rise in the stock price.