Why is Birla Corpn. falling/rising?

As of 22-Jul, Birla Corporation Ltd's stock price is rising, currently at 1,460.20, reflecting an increase of 71.0 or 5.11%. The stock has shown strong performance today, outperforming its sector by 4.82% and reversing a two-day decline. It reached an intraday high of Rs 1490.1, marking a 7.26% increase. 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 also reported significant growth in its profit before tax and profit after tax for the recent quarter, with increases of 429.9% and 405.1%, respectively, compared to the previous four-quarter average. Furthermore, the debt-equity ratio is at its lowest, suggesting improved financial stability, which may have contributed to the stock's upward movement.
In the broader market context, Birla Corporation's short-term return of +5.17% over the past week significantly outperforms the Sensex, which has declined by 0.47%. This positive divergence indicates strong investor confidence in Birla Corporation relative to the overall market. The stock has also shown robust performance over the past month, with a return of +15.70% compared to a slight decline in the benchmark. The high institutional holdings at 21.87% suggest that knowledgeable investors are backing the stock, which may further bolster its price as they typically have the resources to analyze the company's fundamentals effectively.