Why is GMM Pfaudler falling/rising?

As of 04-Jul, GMM Pfaudler Ltd's stock price is currently at 1,271.00, reflecting an increase of 34.1, or 2.76%. The stock has been on an upward trend, gaining for the last five days and achieving a return of 6.91% over that period. It has outperformed its sector by 2.02% today and reached an intraday high of Rs 1281.75. The stock is trading above its moving averages across various time frames, indicating strong momentum. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 17.76% and a low debt to EBITDA ratio of 1.44 times, which supports its ability to service debt. However, despite these positive indicators, the stock has experienced a decline of 9.47% over the past year, with profits falling by 41.5%, suggesting some underlying challenges.
In the broader market context, GMM Pfaudler's short-term performance has significantly outpaced the benchmark Sensex, which has seen a decline of 0.74% over the past week. While the stock has shown a year-to-date return of 7.35%, the Sensex has returned 6.77% in the same period, indicating that GMM Pfaudler is performing relatively well compared to the overall market. The increase in institutional holdings by 2.06% over the previous quarter further suggests confidence from larger investors, who typically have more resources to analyze the company's fundamentals. This combination of strong recent performance and institutional backing may contribute to the stock's rising price.