Why is Piccadily Agro falling/rising?

As of 11-Sep, Piccadily Agro Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 724.40, reflecting an increase of Rs 84.4 or 13.19%. The stock has shown strong performance today, outperforming its sector by 12.02% and achieving a consecutive gain over the last three days with a total return of 22.01%. It reached an intraday high of Rs 743.95, indicating high volatility with an intraday fluctuation of 7.82%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 483.82% compared to the 5-day average. However, the company has faced challenges, including negative results in June with a significant increase in interest and declines in profit before tax and profit after tax compared to previous quarters, which may contribute to a perception of expensive valuation despite its recent gains.
Broader market context shows that Piccadily Agro's short-term performance has significantly outpaced the benchmark, with a 1-week return of +20.93% compared to the Sensex's +1.03%. While the stock has struggled year-to-date with a return of -20.36%, its impressive 3-year return of +1740.91% suggests a strong long-term growth trajectory. Despite the recent positive momentum, the company's valuation concerns and declining profitability metrics may temper investor enthusiasm moving forward, especially as the stock is trading at a discount relative to its peers' historical valuations.