Why is Birla Corpn. falling/rising?

As of 31-Jul, Birla Corporation Ltd's stock price is currently at 1,363.50, reflecting a decline of 17.45 points or 1.26%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 10% in that period. Today's trading saw the stock reach an intraday high of Rs 1,422.5 but also dip to a low of Rs 1,345. The stock's performance over the past week shows a decrease of 5.69%, while it has gained 1.07% over the past month. Despite the recent downturn, the company reported positive financial results, including a significant growth in profit before tax and a low debt-equity ratio, which may indicate attractive valuation compared to peers. Additionally, high institutional holdings suggest confidence in the company's fundamentals.
In the broader market context, Birla Corporation's recent performance contrasts with the Sensex, which has only declined by 1.22% over the past week. This indicates that the stock's short-term challenges are more pronounced than the overall market trend. While the stock has shown a year-to-date gain of 10.90%, its one-year return is down by 10.83%, suggesting volatility. The stock's liquidity remains adequate, with increased investor participation noted in recent trading volumes, which could provide some support despite the current price decline.