Why is GNFC falling/rising?

As of 30-Jul, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) is experiencing a price increase, currently at Rs 545.55, reflecting a rise of Rs 5.55 or 1.03%. The stock has shown a positive trend over the last two days, gaining 2.7% during this period, despite underperforming its sector by 1.78% today. It reached an intraday high of Rs 555, and while it is higher than the 5-day, 50-day, and 100-day moving averages, it remains below the 20-day and 200-day moving averages. The stock's performance over the past week and month shows declines of 1.70% and 1.32%, respectively, while its year-to-date performance is down 2.01%. Positive financial results, including a significant growth in profit before tax and high operating profit margins, along with a low debt-to-equity ratio and high institutional holdings, contribute to a favorable outlook for the stock.
In the broader market context, GNFC's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.50% over the past week and 2.54% over the past month. Although GNFC has underperformed the sector today, the overall fertilizer sector has gained by 2.81%. The stock's liquidity is adequate for trading, and a notable increase in delivery volume suggests rising investor participation, which may indicate growing confidence among investors. Despite the stock's longer-term underperformance compared to the benchmark over one and three years, the recent positive developments and institutional interest may provide a supportive backdrop for its current price movement.