Why is SKM Egg Prod. falling/rising?

As of 15-Jul, SKM Egg Products Export (India) Ltd is experiencing a price increase, with the current price at Rs. 315.00, reflecting a rise of 10.15 (3.33%). The stock has reached a new 52-week high of Rs. 320.05 today and has been on a consecutive gaining streak for the last six days, accumulating an impressive 18.51% return during this period. Additionally, the stock has outperformed its sector by 2.69% today and is trading above all key moving averages, indicating strong momentum. Despite a significant year-over-year return of 27.53%, it is noteworthy that the company's profits have fallen by 59.5%, which may raise concerns among investors. However, the company's low Debt to EBITDA ratio of 0.98 times and a healthy operating profit growth rate of 54.57% suggest a strong ability to service debt and maintain long-term growth, contributing positively to the stock's recent performance.
In the broader market context, SKM Egg Products has significantly outperformed the benchmark Sensex, which has declined by 1.36% over the past week while the stock itself has surged by 17.98%. This stark contrast highlights the stock's strong market position and investor confidence, particularly in the short term. The stock's liquidity, indicated by a 127.09% increase in delivery volume compared to the 5-day average, further supports its rising price trend. Overall, the combination of strong financial metrics, positive market performance, and robust investor interest has contributed to the stock's upward movement.