Why is Patanjali Foods falling/rising?

As of 30-Jul, Patanjali Foods Ltd is experiencing a price increase, with its current price at 1,901.40, reflecting a rise of 13.3 points or 0.7%. The stock has outperformed its sector today by 0.42% and has shown a consecutive gain over the last two days, accumulating a total return of 2.04%. Over the past month, the stock has increased by 15.21%, significantly outperforming the benchmark Sensex, which has declined by 2.54%. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.95 times and impressive growth in net sales and operating profit. Additionally, it has reported positive results for the last four consecutive quarters, contributing to its favorable performance despite a high valuation indicated by a Price to Book Value of 6.1.
Broader Market Context: In the context of the broader market, while the Sensex has seen a decline of 1.50% over the past week, Patanjali Foods has faced a smaller decline of 1.77%, indicating relative resilience. Despite the overall negative returns in the market, with the BSE500 generating a return of -2.34% over the last year, Patanjali Foods has managed to achieve an 11.33% return, showcasing its ability to outperform the market. However, the reduction in promoter confidence, with a decrease in their stake by 0.62%, may raise concerns about future growth, which could impact investor sentiment moving forward.