Why is Aditya Birla Cap falling/rising?

As of 12-Sep, Aditya Birla Capital Ltd is currently priced at 291.35, reflecting an increase of 1.05 or 0.36%. The stock has recently hit a new 52-week high of Rs.294.95 and has been gaining for the last two days, with a total return of 1.39% during this period. However, it has underperformed its sector by 0.84%. Over the past week, the stock has risen by 3.68%, and year-to-date, it has shown a remarkable increase of 63.77%. Despite these positive movements, there is a noted decline in investor participation, with delivery volume falling by 2.44% against the 5-day average. The stock's strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 13.22%, and increased institutional investor participation, which has risen by 0.63% in the last quarter, support its upward trajectory. However, the high debt-equity ratio of 4.61 times poses a risk to its valuation.
In the broader market context, Aditya Birla Capital's performance has significantly outpaced the benchmark, with a 1-month return of 8.75% compared to the Sensex's 2.08%. This trend of outperforming the market is consistent over longer periods, with the stock achieving a 145.14% return over the last three years, while the Sensex has only increased by 36.25%. The stock's ability to maintain a premium valuation compared to its peers, despite a slight decline in profits over the past year, suggests strong market confidence. Overall, while the stock is experiencing positive momentum, the decline in delivery volume and high debt levels could temper its growth prospects in the near term.