Why is Birla Corpn. falling/rising?

As of 30-Jul, Birla Corporation Ltd's stock price is currently at Rs 1,380.95, reflecting a decline of Rs 134.05 or 8.85%. Today's price summary indicates that the stock has underperformed its sector by 9.39% and has experienced a trend reversal after two consecutive days of gains. The stock touched an intraday low of Rs 1,356.6, marking a decrease of 10.46%. Despite trading above the 50-day, 100-day, and 200-day moving averages, it remains below the 5-day and 20-day moving averages. The stock's volatility has been high today, with an intraday volatility of 5.39%, and delivery volume has decreased by 6.14% compared to the 5-day average. While the company has shown positive results in its latest quarter, including significant growth in profit before tax and a low debt-equity ratio, the stock has still generated a negative return of -10.91% over the past year, indicating a challenging environment for its price movement.
In the broader market context, Birla Corporation's short-term performance has been weaker than the benchmark Sensex, which has declined by only 1.50% over the past week compared to the stock's drop of 5.62%. This underperformance highlights the stock's recent struggles despite a year-to-date return of 12.32%, which outpaces the Sensex's 4.28%. The high institutional holdings at 22.61% suggest that informed investors are backing the company, yet the overall market sentiment and recent price movements indicate a cautious outlook. The combination of high volatility, declining investor participation, and the stock's inability to maintain upward momentum after recent gains contribute to its current downward trajectory.