Why is Granules India falling/rising?

As of 09-Sep, Granules India Ltd is experiencing a price increase, currently at 523.95, reflecting a rise of 5.95 or 1.15%. The stock has shown a positive trend recently, outperforming its sector by 0.52% today and achieving a consecutive gain over the last two days with a total return of 2.38%. Additionally, Granules India has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is important to note that despite this recent uptick, the stock has underperformed over the past year with a decline of 21.38%, and its profits have decreased by 3.3%. The company also has a high management efficiency indicated by a ROCE of 18.77% and a low Debt to EBITDA ratio of 0.91, suggesting a strong ability to service debt, which may contribute positively to investor sentiment.
In the broader market context, Granules India has outperformed the Sensex over the past week and month, with returns of 3.11% and 19.17%, respectively, compared to the benchmark's 1.18% and 1.56%. However, the stock's year-to-date performance remains negative at -11.47%, contrasting with the Sensex's positive return of 3.79%. This divergence highlights the challenges Granules India faces in the long term, particularly given its flat results in June and lower ROCE figures. Despite high institutional holdings at 36.77%, which typically indicate confidence in the company's fundamentals, the stock's overall performance suggests that investors are cautious due to its historical underperformance relative to the market.