Why is Balrampur Chini falling/rising?

As of 07-Aug, Balrampur Chini Mills Ltd is experiencing a price increase, currently at 552.10, reflecting a change of 4.1 (0.75%) upward. The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite a recent drop of 5.95% over the past week and 7.98% over the past month, the stock has outperformed its sector by 1.28% today. It is trading at a discount compared to its peers' average historical valuations, and high institutional holdings at 40.01% indicate strong investor confidence, as these investors have increased their stake by 0.88% over the previous quarter. However, the stock's profits have fallen by 18.3%, which could be a concern for some investors.
Broader market context indicates that while the BSE500 has generated negative returns of -1.34% over the past year, Balrampur Chini has managed to achieve a return of 12.14%, showcasing its market-beating performance. The stock's liquidity remains adequate for trading, although there has been a notable decline in delivery volume, which fell by 47.74% against the 5-day average. This decline in investor participation could suggest caution among retail investors, despite the stock's strong performance relative to the broader market. Overall, while the stock is rising today, its long-term growth prospects may be hindered by a declining operating profit trend.