Why is Birla Corpn. falling/rising?

As of 08-Jul, Birla Corporation Ltd's stock price is currently at 1,392.90, reflecting an increase of 13.2 points or 0.96%. The stock has shown positive performance today, outperforming its sector by 0.29%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past week, the stock has risen by 3.25%, while its year-to-date return stands at 13.29%. However, it is important to note that the delivery volume has decreased significantly by 73.38% compared to the 5-day average, suggesting a decline in investor participation. The company has recently reported positive financial results after two consecutive quarters of losses, with substantial growth in profit before tax and profit after tax, alongside a favorable debt-equity ratio of 0.50 times.
In the broader market context, Birla Corporation's short-term performance of 3.25% over the past week significantly outpaces the Sensex, which has only increased by 0.02%. This indicates that the stock is gaining traction relative to the market. The company benefits from high institutional holdings at 21.87%, which may provide a level of stability and confidence among investors. Despite a negative return of 12.34% over the past year, the stock is trading at a discount compared to its peers, suggesting potential for future growth. Overall, the combination of improved financial performance, strong technical indicators, and institutional support contributes to the stock's recent upward movement.