Why is GMM Pfaudler falling/rising?

As of 03-Jul, GMM Pfaudler Ltd's stock price is rising, currently at 1,236.90, reflecting an increase of 24.9 or 2.05%. The stock has shown a positive performance today, outperforming its sector by 0.87% and achieving a consecutive gain over the last four days with a total return of 4.05%. It reached an intraday high of Rs 1271, indicating strong trading momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. However, there has been a decline in investor participation, with delivery volume decreasing by 6.1% compared to the 5-day average. Despite a year-to-date return of 4.47%, the stock has underperformed over the past year and three years, with returns of -12.10% and -13.41%, respectively.
In the broader market context, GMM Pfaudler's short-term return of 3.96% over the past week contrasts with the Sensex, which has declined by 0.62%. This indicates that GMM Pfaudler is gaining traction relative to the overall market. The company benefits from high management efficiency, a strong ability to service debt, and attractive valuations compared to its peers, which may contribute to investor confidence. Furthermore, the increase in institutional holdings by 2.06% over the previous quarter suggests that knowledgeable investors are optimistic about the company's fundamentals, potentially driving the stock's recent upward movement.