Why is Yogi Ltd falling/rising?

As of 22-Jul, Yogi Ltd's stock price is rising, currently at Rs 197.95, reflecting an increase of Rs 3.55 or 1.83%. The stock has recently hit a new 52-week and all-time high of Rs 208, demonstrating strong performance with a 20.3% gain over the last three days. It has outperformed its sector by 2.04% today and opened with a significant gain of 5.97%. The stock is trading above its moving averages across various time frames, indicating a bullish trend. Additionally, the company reported its highest quarterly profits, which has contributed positively to investor sentiment and the stock's upward movement.
In the broader market context, Yogi Ltd has significantly outperformed the benchmark, with a one-year return of 311.97% compared to the BSE500's return of only 0.99%. This stark contrast highlights the stock's strong market position and investor confidence. Over the past week, Yogi Ltd has gained 19.25%, while the Sensex has declined by 0.47%, further emphasizing its resilience and attractiveness to investors amid a generally weaker market environment.