Why is GNFC falling/rising?

As of 25-Jun, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) is experiencing a price increase, currently at Rs 554.00, reflecting a rise of Rs 15.9 or 2.95%. The stock has shown strong performance recently, gaining 6.84% over the last four days and outperforming its sector by 2.03% today. Additionally, the stock has positive returns over the past week and month, with increases of 4.27% and 8.02%, respectively. The company has reported positive financial results, including the highest quarterly PBDIT at Rs 240.00 crore and a significant operating profit margin, which may have contributed to investor confidence. Furthermore, the stock has a low debt-to-equity ratio and high institutional holdings at 25.17%, indicating strong backing from knowledgeable investors.
Broader Market Context: In comparison to the benchmark Sensex, GNFC's short-term performance has been notably better, with a 1-week return of 4.27% versus the Sensex's 1.61%. However, it is important to note that the stock has underperformed the benchmark over the longer term, with a year-to-date return of -0.49% compared to the Sensex's +5.91%. Despite this, the recent positive momentum and rising investor participation, evidenced by a 12.5% increase in delivery volume, suggest a growing interest in the stock, which may be contributing to its upward price movement.