Why is Granules India falling/rising?

As of 12-Sep, Granules India Ltd's stock price is currently at 534.45, reflecting an increase of 10.1 or 1.93%. The stock has been gaining momentum, having risen 2.37% over the last two days and outperforming its sector by 1.64% today. It has also shown strong performance over the past week and month, with returns of +4.44% and +17.40%, respectively. Despite a year-to-date decline of -9.69% and a one-year return of -5.37%, the company benefits from high management efficiency, indicated by a return on capital employed (ROCE) of 18.77%, and a low debt to EBITDA ratio of 0.91 times, which suggests a strong ability to service its debt. However, the stock's performance is tempered by a decline in profits and flat results in June, indicating potential long-term growth concerns.
In the broader market context, Granules India has outperformed the benchmark Sensex in the short term, with a one-week return of +4.44% compared to the Sensex's +1.48%. This positive short-term performance contrasts with the stock's year-to-date and one-year returns, which lag behind the benchmark's gains of +4.82% and -1.28%, respectively. Additionally, while the stock is trading at a discount compared to its peers, the falling investor participation, as evidenced by a 19.54% drop in delivery volume, may signal caution among retail investors. High institutional holdings at 36.77% could provide some stability, as these investors typically have better resources to analyze the company's fundamentals.