Why is Dalmia BharatLtd falling/rising?

As of 18-Jul, Dalmia Bharat Ltd's stock price is rising, currently at 2,252.15, reflecting an increase of 64.5 or 2.95%. The stock has recently reached a new 52-week high of Rs. 2257.7 and has outperformed its sector by 3.21%. Over the last two days, it has gained 4.28% and is trading above all key moving averages, indicating strong momentum. The company has also reported positive financial results after two consecutive negative quarters, with significant improvements in operating profit metrics. Additionally, high institutional holdings at 24.86% suggest confidence from sophisticated investors, further supporting the stock's upward movement.
In the broader market context, Dalmia Bharat Ltd has demonstrated impressive performance compared to the benchmark, with a 1-week return of +3.42% against the Sensex's -0.90%, and a year-to-date return of +27.62% compared to the benchmark's +4.63%. This outperformance highlights the stock's resilience and attractiveness to investors, especially given the overall negative returns of the BSE500 over the past year. The rising investor participation, evidenced by a significant increase in delivery volume, further underscores the stock's strong demand in the market.