Why is GNFC falling/rising?

As of 01-Jul, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) is experiencing a price increase, currently at Rs 569.50, reflecting a rise of Rs 16.65 or 3.01%. The stock has shown strong performance today, outperforming its sector by 5.11% and achieving consecutive gains over the last two days with a total return of 4.48%. Additionally, GNFC is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a year-to-date return of only 2.29% compared to the Sensex's 7.11%, the stock has performed well in the short term, with a 1-week return of 5.84% against the Sensex's 2.00%. Positive financial results reported for March 25, including the highest PBDIT and operating profit margins, along with a low debt-to-equity ratio and high institutional holdings at 25.17%, contribute to investor confidence and support the stock's upward movement.
In the broader market context, GNFC's recent performance contrasts with its longer-term returns, where it has underperformed the Sensex over the past year and three years, showing declines of 21.29% and 2.03%, respectively. However, the stock's short-term gains indicate a potential recovery phase, especially as it has outperformed the benchmark in the last week and month. The overall market sentiment appears to be favorable for GNFC in the short term, despite the decline in investor participation, as indicated by a 20.56% drop in delivery volume. This suggests that while the stock is currently rising, there are underlying challenges that could affect its performance moving forward.