Why is Oceanic Foods falling/rising?

As of 21-Aug, Oceanic Foods Ltd is experiencing a price increase, currently at Rs 65.60, which reflects a rise of Rs 2.78 or 4.43%. The stock has shown strong performance today, outperforming its sector by 5.37%, and reached an intraday high of Rs 67.98, marking an 8.21% increase. Over the past week, the stock has gained 4.93%, and in the last month, it has surged by 24.71%. The company has consistently delivered positive results for the last eight quarters, with net sales growing by 32.57% and a significant increase in operating profit to net sales. Additionally, the stock is trading above its moving averages, indicating a strong upward trend, and there has been a notable increase in investor participation, with delivery volume rising by 52.03% against the five-day average.
In the broader market context, Oceanic Foods has outperformed the Sensex, which has only increased by 1.74% over the past week. The stock's year-to-date return stands at 33.88%, significantly higher than the Sensex's 4.94%. This strong performance is further supported by the company's attractive valuation metrics, including a return on capital employed (ROCE) of 12.4 and a favorable enterprise value to capital employed ratio. The stock's ability to generate a return of 13.59% over the past year, coupled with a substantial profit increase of 77.7%, reinforces its market-beating performance both in the short and long term.