Why is SKM Egg Prod. falling/rising?

As of 26-Aug, SKM Egg Products Export (India) Ltd is experiencing a price increase, currently at Rs. 363.70, reflecting a rise of Rs. 14.05 or 4.02%. The stock has recently hit a new 52-week high of Rs. 367.1 and has outperformed its sector by 3%. It has shown strong performance over the past four days, gaining 13.62% in that period, and opened with a gap up of 4.99% today. The stock is trading above all significant moving averages, indicating a bullish trend. Additionally, the company has demonstrated a strong ability to service debt with a low Debt to EBITDA ratio and has reported positive financial results after a series of negative quarters, contributing to investor confidence and the stock's upward movement.
In the broader market context, SKM Egg Products has significantly outperformed the benchmark Sensex, with a 1-week return of +11.36% compared to the Sensex's -1.05%, and a year-to-date return of +44.53% against the Sensex's +3.39%. This strong performance is further supported by rising promoter confidence, as they have increased their stake in the company, reflecting optimism about future growth. The stock's ability to generate substantial returns over various periods, coupled with healthy operating profit growth, positions it favorably against market trends, reinforcing its rising price trajectory.