Why is Dalmia BharatLtd falling/rising?

As of 02-Jul, Dalmia Bharat Ltd's stock price is rising, currently at Rs. 2,219.20, reflecting an increase of 24.05 (1.1%). The stock has recently reached a new 52-week high of Rs. 2,244.4, indicating strong upward momentum. Over the past week, the stock has outperformed the benchmark Sensex, gaining 6.12% compared to the Sensex's 0.79%. Additionally, the stock has shown impressive year-to-date growth of 25.75%, significantly outpacing the Sensex's 6.75%. Positive financial results, including substantial growth in profit before tax and profit after tax, alongside a low debt-to-equity ratio and high institutional holdings, have contributed to the stock's favorable performance.
In the broader market context, Dalmia Bharat Ltd's recent performance stands out, particularly given its 1-year return of 20.69%, which is considerably higher than the market's average return of 3.11%. This strong performance is further supported by rising investor participation, as evidenced by a significant increase in delivery volume. The stock's liquidity is also favorable, allowing for substantial trading activity. Overall, the combination of strong financial results, positive investor sentiment, and market-beating returns has driven the stock's price upward.