Why is Aditya Birla Cap falling/rising?

As of 23-Oct, Aditya Birla Capital Ltd is experiencing a price increase, currently at 308.20, reflecting a rise of 3.7 or 1.22%. The stock has recently hit a new 52-week and all-time high of Rs. 311.9, demonstrating strong performance today with an intraday high increase of 2.43%. Over the past week, the stock has gained 2.72%, and in the last month, it has risen by 5.82%, significantly outperforming the Sensex, which increased by 1.30% in the same period. The stock's long-term performance is also noteworthy, with a year-to-date return of 73.24% and a three-year return of 177.16%. Institutional investors have shown increasing participation, raising their stake by 0.63%, which indicates confidence in the company's fundamentals.
In the broader market context, Aditya Birla Capital's recent performance has outpaced the benchmark indices, particularly in the short term, where it has delivered returns that exceed those of the BSE500. This trend is supported by the company's strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 13.22%. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 83.85% against the five-day average, which could be a concern for future liquidity. Despite this, the stock remains liquid enough for substantial trades, indicating ongoing interest from larger investors.