Why is Paradeep Phosph. falling/rising?

As of 21-Aug, Paradeep Phosphates Ltd is experiencing a price increase, currently at Rs 219.30, reflecting a rise of 4.6 or 2.14%. The stock has shown strong performance today, outperforming its sector by 1.9% and achieving a consecutive gain over the last three days with a total return of 9.7% during this period. Additionally, the stock has consistently outperformed the benchmark Sensex, with a 1-week return of 9.49% compared to the Sensex's 1.74%, and a remarkable year-to-date return of 97.66% against the Sensex's 4.94%. The company has reported outstanding financial results, with a 60.19% growth in net profit and a significant increase in net sales, contributing to a healthy long-term growth outlook.
In the broader market context, Paradeep Phosphates Ltd's strong performance is notable against the backdrop of the Sensex, which has shown a modest increase. The stock's positive momentum is supported by high institutional holdings, which have increased by 0.52%, indicating confidence from knowledgeable investors. However, there are concerns regarding its valuation, as it is considered expensive with a high enterprise value to capital employed ratio. Despite this, the stock's consistent returns over the past three years and its ability to outperform the BSE500 further bolster its appeal, suggesting that the recent price rise is driven by strong fundamentals and investor confidence.