Why is GNFC falling/rising?

As of 23-Jul, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) is experiencing a price increase, currently at 555.00, reflecting a rise of 10.0 or 1.83%. Today's price performance indicates that GNFC has outperformed its sector by 1.87%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 27.58% against the 5-day average. Despite a year-to-date return of -0.31% and a one-year return of -16.17%, the company has shown positive financial results, including a significant growth in profit before tax and operating profit margins, which may contribute to the stock's recent upward movement.
In the broader market context, GNFC's short-term return of +1.18% over the past week significantly outpaces the Sensex's return of +0.11%, indicating stronger performance relative to the benchmark. The company's high institutional holdings at 23.17% suggest confidence from larger investors who are better equipped to analyze the company's fundamentals. Additionally, GNFC's low debt-to-equity ratio and a favorable PEG ratio of 0.7 indicate a fair valuation, which may attract more investors despite its historical underperformance compared to the benchmark over longer periods.