Why is Dalmia BharatLtd falling/rising?

As of 04-Aug, Dalmia Bharat Ltd's stock price is currently at 2,224.25, reflecting an increase of 19.85, or 0.9%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Over the past week, the stock has risen by 0.74%, and it has outperformed the benchmark Sensex, which has only increased by 0.16%. Additionally, the company reported impressive financial results for June, with a 98.5% growth in PAT and a high operating profit to interest ratio, which likely contributes to investor confidence. However, there has been a notable decline in investor participation, with delivery volume dropping by 44.42% compared to the 5-day average.
In the broader market context, Dalmia Bharat Ltd has significantly outperformed the benchmark over various time frames, including a 23.57% return over the past year while the Sensex has only increased by 0.05%. This strong performance is further supported by high institutional holdings, which have risen by 0.88% over the previous quarter, indicating confidence from more sophisticated investors. Despite the recent drop in delivery volume, the stock remains liquid enough for trading, suggesting that it is still an attractive option for investors. Overall, the combination of strong financial results, positive institutional sentiment, and relative outperformance against the market contributes to the stock's rising price.