Why is Oceanic Foods falling/rising?

As of 22-Sep, Oceanic Foods Ltd's stock price is rising, currently at 75.00, reflecting an increase of 2.02 or 2.77%. The stock has shown strong performance today, opening with a gain of 2.77% and reaching an intraday high of Rs 75. It has outperformed its sector by 2.97%. Over the past week, the stock has increased by 5.06%, and it has delivered a remarkable year-to-date return of 53.06%. The company has consistently reported positive results for the last eight quarters, with significant growth in net sales and operating profit, contributing to its attractive valuation compared to peers. However, there has been a notable decline in investor participation, with delivery volume dropping by 73.65% against the 5-day average.
In the broader market context, Oceanic Foods' short-term performance has significantly outpaced the Sensex, which has only increased by 0.46% over the same week. The stock's strong returns of 10.29% over the past month and 57.53% over the past year highlight its market-beating performance, especially in comparison to the Sensex's decline of 2.82% over the same period. This consistent outperformance, coupled with solid financial results, supports the stock's upward movement despite the recent drop in trading volume.