Why is Oceanic Foods falling/rising?

As of 22-Aug, Oceanic Foods Ltd is experiencing a rise in its stock price, currently at Rs 68.00, reflecting an increase of Rs 2.4 or 3.66%. The stock has recently hit a new 52-week high of Rs 69.75 and has outperformed its sector by 4.32%. Over the last two days, it has gained 8.25%, and today it opened with a gain of 3.64%. The stock is trading above its moving averages across various time frames, indicating strong upward momentum. Additionally, the company has reported positive financial results for the last eight consecutive quarters, with significant growth in net sales and operating profit, contributing to its attractive valuation compared to peers.
In the broader market context, Oceanic Foods has outperformed the Sensex, with a one-week return of 8.77% compared to the benchmark's 0.88%. Over the past month, the stock has surged by 30.52%, while the Sensex has declined by 1.07%. This strong performance is further supported by rising investor participation, as evidenced by a significant increase in delivery volume. Overall, the stock's consistent positive financial results and market-beating performance in both the short and long term have contributed to its recent upward price movement.