Why is Birla Corpn. falling/rising?

As of 03-Jul, Birla Corporation Ltd is experiencing a price increase, currently at 1,370.00, reflecting a rise of 19.6 points or 1.45%. The stock has shown strong performance today, outperforming its sector by 1.89% and has gained consecutively over the last five days, resulting in a total return of 4.26% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has recently reported positive financial results, with significant growth in profit before tax and profit after tax compared to previous quarters, and it maintains a low debt-equity ratio of 0.50 times. Despite a year-over-year return of -14.16%, the stock is currently trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, Birla Corporation's short-term return of +4.26% over the past week contrasts sharply with the Sensex, which has declined by 0.62% during the same period. This divergence suggests that the stock is gaining traction among investors, possibly due to rising institutional holdings at 21.87%, which indicates confidence from larger investors who are better equipped to analyze the company's fundamentals. Overall, the combination of positive financial results, strong recent performance, and favorable market conditions contributes to the stock's upward movement.