Why is Granules India falling/rising?

As of 16-Sep, Granules India Ltd is currently priced at 538.60, reflecting an increase of 5.1 (0.96%). The stock has outperformed its sector today by 0.68%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement. Over the past week, the stock has risen by 2.80%, and in the last month, it has shown a significant increase of 17.34%. However, it is important to note that the stock has experienced a year-to-date decline of 8.99%, and its profits have fallen by 3.3% over the past year, which may contribute to a cautious outlook. The company's 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 suggest strong fundamentals, but the recent decrease in delivery volume by 10.16% against the 5-day average indicates a potential decline in investor participation.
In the broader market context, Granules India has outperformed the Sensex, which has increased by 1.58% over the past week, while the stock's performance reflects a stronger short-term return. Despite the stock's recent gains, it has underperformed the benchmark on a year-to-date basis, where the Sensex has risen by 5.43%. The high institutional holdings at 36.77% may provide some stability and confidence in the stock, as institutional investors typically have better resources to analyze company fundamentals. However, the overall market sentiment and the stock's declining profit trend may temper enthusiasm among retail investors, leading to a mixed outlook for Granules India in the near term.