Why is Birla Corpn. falling/rising?

As of 16-Jul, Birla Corporation Ltd is currently priced at 1,407.60, reflecting an increase of 19.2 points or 1.38%. The stock has been gaining momentum, having risen 3.02% over the last two days and outperforming its sector by 1.49% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a year-to-date return of 14.49%, the stock has experienced a decline of 9.65% over the past year, coinciding with a 21.8% drop in profits. However, the company has recently declared positive results after two consecutive negative quarters, showcasing a low debt-equity ratio of 0.50 times and a high operating profit to interest ratio of 7.29 times, which may contribute to investor confidence.
In the broader market context, Birla Corporation's short-term performance has been favorable compared to the Sensex, which has declined by 1.08% over the past week while the stock itself has increased by 0.92%. This indicates that the stock is currently gaining traction against the benchmark. Additionally, high institutional holdings at 21.87% suggest that more sophisticated investors are backing the stock, potentially providing stability and further driving its price upward. Despite a significant drop in delivery volume, which fell by 50.54% against the 5-day average, the stock's liquidity remains sufficient for trading, indicating that while there may be some caution among retail investors, the overall outlook appears positive.