Why is Patanjali Foods falling/rising?

As of 12-Aug, Patanjali Foods Ltd is experiencing a price increase, currently at Rs 1,820.05, reflecting a rise of Rs 39.05 or 2.19%. The stock has shown a trend reversal, gaining after five consecutive days of decline, and has outperformed its sector by 3.03% today. It reached an intraday high of Rs 1,826.35, indicating positive momentum. Over the past month, the stock has increased by 9.04%, contrasting with a decline in the benchmark Sensex, which fell by 2.75%. Despite a recent drop in investor participation, the company maintains a strong financial position with a low Debt to EBITDA ratio and consistent growth in net sales and operating profit, having reported positive results for the last four quarters.
In the broader market context, while Patanjali Foods has outperformed the Sensex in the short term, with a 1-week return of -0.74% compared to the benchmark's -0.59%, it has shown stronger performance over longer periods, including a 3-year return of 64.85% versus the Sensex's 34.93%. However, concerns exist regarding its high valuation, as indicated by a Price to Book Value of 5.8, and the increasing percentage of pledged promoter shares, which could exert downward pressure in volatile market conditions. Despite these challenges, the stock's recent positive performance can be attributed to its solid financial fundamentals and growth trajectory.