Why is Grasim Inds falling/rising?

As of 26-Jun, Grasim Industries Ltd is experiencing a price increase, currently at 2,880.00, which reflects a rise of 44.0 or 1.55%. The stock has been performing well, having hit a new 52-week and all-time high of Rs 2893.25 today. It has gained 7.78% over the last six days, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown strong returns over various periods, including a 17.61% increase year-to-date and a 118.33% increase over the past three years. Despite a significant drop in profits of -33.8% over the past year, the stock's attractive valuation and healthy long-term growth prospects, indicated by a 13.81% annual growth in net sales, have contributed positively to its recent upward movement.
In the broader market context, Grasim Industries has outperformed the benchmark Sensex, which has only increased by 2.94% over the past week, while Grasim's return for the same period is 7.01%. The stock's strong performance is further supported by high institutional holdings at 34.02%, suggesting confidence from investors with better analytical capabilities. The liquidity of the stock is also favorable, with a delivery volume increase of 1.79% against the 5-day average. Overall, the combination of consistent returns, rising investor participation, and a solid market position within its sector has contributed to the stock's rising trend.