Why is Birla Corpn. falling/rising?

As of 09-Jul, Birla Corporation Ltd's stock price is currently at 1,394.80, reflecting a slight increase of 1.9 (0.14%). The stock has been gaining for the last two days, with a total return of 1.09% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 54.04% compared to the 5-day average. Despite a year-to-date return of 13.45%, the stock has experienced a decline of 11.29% over the past year, alongside a significant drop in profits of 21.8%. The company has recently reported positive results after two consecutive negative quarters, with substantial growth in profit before tax and profit after tax, which may contribute to the stock's recent upward movement.
In the broader market context, Birla Corporation's short-term return of 3.29% over the past week significantly outperforms the Sensex, which has only increased by 0.15%. This suggests that the stock is currently performing well relative to the market. The company's high institutional holdings at 21.87% indicate confidence from larger investors, who typically have more resources to analyze company fundamentals. Additionally, the stock is trading at a discount compared to its peers' average historical valuations, which may attract further interest from investors looking for value opportunities. Overall, while the stock has shown recent gains, the decline in delivery volume and the negative profit trend over the past year could temper investor enthusiasm.