Why is SKM Egg Prod. falling/rising?

As of 31-Jul, SKM Egg Products Export (India) Ltd's stock price is rising, currently at 295.80, reflecting an increase of 5.8 or 2.0%. The stock has shown a trend reversal, gaining after three consecutive days of decline and opening with a 2% gain today. It has touched an intraday high of Rs 295.8 and is trading at this price without any range fluctuations. Over the past month, the stock has outperformed the benchmark, with a return of +10.21% compared to the Sensex's -3.00%. Additionally, the company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.98 times and a significant annual growth rate in operating profit of 54.57%. Promoter confidence is also rising, as they have increased their stake by 0.85%, indicating positive sentiment about the company's future.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex over the past week and month. While the stock has generated a return of 10.62% over the past year, the Sensex has declined by 0.68% during the same period. Despite a recent drop in investor participation, the stock remains liquid enough for trading, which may contribute to its upward price movement. Overall, the combination of strong financial indicators, rising promoter confidence, and positive market performance has led to the stock's recent rise.