Why is Valiant Organics falling/rising?

As of 10-Jun, Valiant Organics Ltd is experiencing a price increase, currently at Rs 461.05, which reflects a rise of Rs 17.9 or 4.04%. The stock has shown strong performance today, outperforming its sector by 3.52% and has been on a consecutive gain for the last two days, accumulating a total return of 6.75% during this period. Additionally, the stock is trading close to its 52-week high, just 1.95% away from Rs 470.05. Despite a recent decline in investor participation, indicated by a 27.08% drop in delivery volume compared to the five-day average, the stock remains technically bullish, supported by strong financial metrics such as a significant growth in operating profit and a healthy EBIT to interest ratio.
In the broader market context, Valiant Organics' performance over the past week shows a slight decline of 0.29%, while the benchmark Sensex has increased by 2.05%. Over the last month, however, the stock has outperformed the benchmark with a return of 59.78% compared to the Sensex's 3.70%. This indicates that while the stock has faced challenges in the long term, including negative growth in net sales and operating profit over the past five years, its recent financial results and attractive valuation compared to peers have contributed positively to its current upward movement. The lack of domestic mutual fund investment may suggest caution among institutional investors, but the stock's recent bullish technical indicators and strong earnings growth have likely driven its price rise.