Why is Vidhi Specialty falling/rising?

As of 14-Nov, Vidhi Specialty Food Ingredients Ltd is experiencing a price increase, currently at Rs 376.00, reflecting a rise of Rs 31.25 or 9.06%. The stock has outperformed its sector today by 10.01% and has shown a consecutive gain over the last two days, with a total return of 10.69% during this period. Additionally, the stock has traded in a wide range, reaching an intraday high of Rs 378.95. Despite this positive short-term performance, the company has faced challenges, including poor long-term growth metrics, with net sales growing at an annual rate of only 12.22% and operating profit at 9.53% over the last five years. The recent quarterly results also indicate a decline in profit before tax and net sales, which are the lowest in recent quarters, contributing to a perception of the stock being overvalued despite its low debt levels.
In the broader market context, Vidhi Specialty's short-term performance has significantly outpaced the Sensex, which only increased by 1.62% over the past week. However, the stock's year-to-date performance remains concerning, with a decline of 28.79% compared to the Sensex's gain of 8.22%. This underperformance in the long term, coupled with a lack of domestic mutual fund investment, suggests that institutional investors may be cautious about the stock's future potential. The stock's recent gains may be driven by increased investor participation and trading volume, but the overall sentiment remains tempered by its historical performance and valuation concerns.