Why is Epack Durable falling/rising?

As of 29-Jul, Epack Durable Ltd's stock price is rising, currently at 366.30, reflecting an increase of 20.45 or 5.91%. The stock has shown a positive trend today, outperforming its sector by 5.21% and marking a reversal after four consecutive days of decline. It reached an intraday high of Rs 369, indicating strong intraday performance. Over the past week, the stock has gained 0.41%, while over the past month, it has increased by 6.45%. Despite a year-to-date decline of 33.48%, the stock has generated a notable return of 36.10% over the past year, significantly outperforming the broader market, which has seen negative returns. Positive financial results from June 25, including a 94% growth in profit before tax and a 66% increase in profit after tax compared to previous quarters, have contributed to this upward movement, although concerns about management efficiency and declining institutional investor participation remain.
In the broader market context, Epack Durable's recent performance contrasts with the Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. While the stock has shown resilience and growth in the face of a challenging market, the overall market has generated negative returns of -2.26% in the last year, highlighting the stock's ability to outperform despite broader market headwinds. However, the falling participation from institutional investors, who have reduced their stake by 2.15%, raises concerns about future support for the stock's price, suggesting that while the current rise is notable, it may face challenges ahead.