Why is Granules India falling/rising?

As of 19-Sep, Granules India Ltd is currently priced at 543.95, reflecting an increase of 0.85 or 0.16%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 39.24% compared to the 5-day average. Over the past week, the stock has gained 1.78%, significantly outperforming the Sensex, which rose by only 0.88%. Despite a modest return of 0.22% over the past year, the company has shown strong management efficiency with a high return on capital employed (ROCE) of 18.77% and a low debt to EBITDA ratio of 0.91, suggesting a solid financial position.
Broader market context indicates that Granules India has outperformed the benchmark in both the short term and long term, with a 19.07% increase over the past month compared to the Sensex's 1.20%. The stock's performance is further supported by high institutional holdings at 36.77%, which typically indicates confidence from knowledgeable investors. While the stock has faced a decline of 8.09% year-to-date, its ability to maintain a fair valuation and outperform the BSE500 over various periods suggests that it remains an attractive option for investors despite recent profit declines.