Why is SKM Egg Prod. falling/rising?

As of 01-Jul, SKM Egg Products Export (India) Ltd is experiencing a price increase, currently at Rs 268.40, reflecting a rise of Rs 12.75 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.68% and achieving a consecutive gain over the last two days with a total return of 10.23%. Additionally, the stock has demonstrated impressive returns over various periods, including a 26.48% increase over the past month and a staggering 381.87% over the last three years. The company's strong fundamentals, including a low Debt to EBITDA ratio of 0.98 times and a healthy annual operating profit growth rate of 54.57%, contribute positively to its valuation, despite recent negative profit trends.
In the broader market context, SKM Egg Products has outperformed the Sensex, which has only increased by 2.00% over the past week, while the stock itself has risen by 7.36%. This indicates a strong relative performance in the short term. However, it is important to note that the company has faced challenges, including a significant decline in operating profit and negative results over the last six quarters, which may affect investor sentiment. Despite these concerns, the stock's attractive valuation compared to peers and rising investor participation suggest a positive outlook in the near term, contributing to its current upward price movement.