Why is Godrej Industrie falling/rising?

As of 22-Jul, Godrej Industries Ltd is experiencing a price increase, currently at Rs 1,146.85, reflecting a rise of 8.85 points or 0.78%. The stock has outperformed its sector today by 1.03%, reaching an intraday high of Rs 1,169.6, which is a 2.78% increase. Over the past week, the stock has shown a positive return of 2.33%, contrasting with a slight decline of 0.47% in the Sensex. Despite a significant drop of 15.24% over the past month, the stock has generated a notable return of 28.93% over the past year, significantly outperforming the market's return of 2.09%. The company's recent financial performance has been strong, with a 117.9% growth in profit before tax and a 50.5% increase in profit after tax compared to previous quarters, alongside a substantial cash reserve.
Broader Market Context: In the short term, Godrej Industries has outperformed the benchmark, as indicated by its 1-week return of 2.33% compared to the Sensex's decline. The increase in promoter confidence, with a 3.92% rise in their stake, suggests a positive outlook for the company, further supporting the stock's upward movement. However, the stock's liquidity has been impacted by a significant drop in delivery volume, which fell by 58.04% against the 5-day average, indicating a potential concern for investor participation. Overall, while the stock is currently rising, the mixed signals from recent performance metrics and declining investor engagement may warrant caution.