Why is Dalmia BharatLtd falling/rising?

As of 20-Aug, Dalmia Bharat Ltd is experiencing a price increase, currently at Rs 2,347.85, reflecting a rise of 7.85 (0.34%). The stock has shown strong performance recently, gaining 3.68% 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 1.88% away from Rs 2,392. Over various periods, Dalmia Bharat has outperformed the benchmark Sensex, with a year-to-date return of 33.04% compared to the Sensex's 4.76%. The company has also reported impressive financial results, including a 98.5% growth in PAT for the last quarter and a low debt-to-equity ratio of 0.03, which supports its stability and attractiveness to investors.
In the broader market context, Dalmia Bharat's performance stands out as the stock has generated a return of 32.79% over the past year, while the BSE500 index has seen negative returns of -1.20%. This significant outperformance indicates strong investor confidence, particularly with high institutional holdings at 25.74%, which have increased by 0.88% over the previous quarter. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 60.45% against the 5-day average, which could be a concern for future liquidity. Overall, the stock's recent upward movement is supported by solid financial performance and favorable market conditions, despite some signs of reduced trading activity.