Why is Godrej Industrie falling/rising?

As of 15-Jul, Godrej Industries Ltd's stock price is currently at 1,120.75, reflecting an increase of 30.75, or 2.82%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It outperformed its sector by 1.73% and reached an intraday high of Rs 1125.55. Despite this positive movement, the stock has shown a negative return of -12.17% over the past month and -2.54% year-to-date, although it has generated a notable return of 24.31% over the past year. Positive factors contributing to the stock's rise include significant growth in profit before tax and profit after tax, alongside a strong cash position. Additionally, rising promoter confidence, with a 3.92% increase in their stake, signals optimism about the company's future.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the past year but has underperformed in the short term, with a -3.05% return over the last week compared to the Sensex's -1.36%. This suggests that while Godrej Industries has shown strong long-term growth, it is currently facing challenges in the short term, which may be affecting investor sentiment despite the recent uptick in price.