Why is Birla Corpn. falling/rising?

As of 17-Jul, Birla Corporation Ltd's stock price is currently at 1,416.30, reflecting an increase of 8.7 points or 0.62%. The stock has shown a positive trend, gaining 3.66% over the last three days and outperforming its sector by 0.52%. In terms of returns, the stock has increased by 1.64% over the past week and 5.56% over the past month, while it has a year-to-date return of 15.20%. The company has recently reported positive results after two consecutive negative quarters, with a notably low debt-equity ratio of 0.50 times and a high operating profit to interest ratio of 7.29 times. Despite a 9.09% decline over the past year, the stock is trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, Birla Corporation's performance contrasts with the Sensex, which has declined by 1.12% over the past week. The stock's positive movement, alongside rising investor participation indicated by a 25.95% increase in delivery volume, suggests a growing confidence among investors, particularly institutional investors who hold 21.87% of the stock. This institutional backing may provide additional stability and insight into the company's fundamentals, further supporting the stock's recent upward trajectory.