Why is Dalmia BharatLtd falling/rising?

As of 06-Aug, Dalmia Bharat Ltd is experiencing a price increase, currently at Rs 2,248.50, reflecting a rise of 3.55 (0.16%). The stock has shown strong performance recently, gaining 2% over the last three days and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week high, being only 4.15% away from Rs 2,341.90. The company reported impressive financial results, with a 98.5% growth in PAT for the quarter ending June, and a high operating profit to interest ratio, which has likely contributed to positive investor sentiment. Furthermore, the stock has outperformed its sector by 0.88% today, and institutional holdings have increased, indicating confidence from larger investors.
In the broader market context, Dalmia Bharat Ltd has outperformed the benchmark Sensex, which has declined by 1.15% over the past week, while the stock itself has risen by 0.42%. Over the past month, the stock has also shown a positive return of 3.33%, contrasting with the Sensex's decline of 3.46%. This strong relative performance, combined with rising investor participation—evidenced by a significant increase in delivery volume—suggests that the stock is gaining traction despite a generally challenging market environment.