Why is Patanjali Foods falling/rising?

As of 29-Jul, Patanjali Foods Ltd's stock price is currently at 1,888.10, reflecting an increase of 24.75, or 1.33%. The stock has shown a trend reversal by gaining after four consecutive days of decline. Despite a recent drop of 2.66% over the past week, the stock has performed well over the past month with a return of 14.89%. The company's strong financial performance is highlighted by a low Debt to EBITDA ratio of 0.95 times and impressive growth in net sales and operating profit. Additionally, the company has reported positive results for the last four quarters, with net sales reaching a record high and significant growth in profit before tax and profit after tax compared to previous averages.
In the broader market context, while the stock has outperformed its sector by 1.24% today, it is essential to note that the benchmark Sensex has declined by 1.03% over the past week. The stock's performance is notable as it has generated a return of 10.88% over the past year, contrasting with the negative returns of -2.26% from the broader market (BSE500). However, there are concerns regarding reducing promoter confidence, as they have decreased their stake by 0.62%, which may indicate a lack of confidence in the company's future. Despite these mixed signals, the stock's liquidity remains sufficient for trading, and it continues to show healthy long-term growth potential.