Why is Grasim Inds falling/rising?

As of 19-Sep, Grasim Industries Ltd is experiencing a slight increase in its stock price, currently at Rs 2,884.00, reflecting a change of 3.0 (0.1%) upward. The stock has been on a positive trajectory, gaining for the last seven days with a total return of 3.48% during this period. It is also close to its 52-week high, just 0.47% away from Rs 2,897.55. In terms of performance, Grasim has outperformed its sector by 0.37% today and is trading above all key moving averages, indicating strong momentum. The stock has shown impressive long-term growth, with a year-to-date return of 17.78% compared to a 5.74% increase in the benchmark. However, it is important to note that while the stock has generated a return of 4.95% over the past year, its profits have declined by 23.9%, which could be a concern for some investors.
Broader market context indicates that Grasim's recent performance has been robust compared to the benchmark, as it has outperformed the Sensex over various time frames, including a 3-year return of 65.56% versus 39.71% for the index. The stock's high institutional holdings at 33.85% suggest that knowledgeable investors are confident in its fundamentals, which may contribute to the stock's upward movement. Furthermore, the company's healthy long-term growth metrics, such as a 16.80% annual growth rate in net sales, support its valuation despite some risks, including a high debt-equity ratio and flat results in June. Overall, the combination of strong investor participation and positive long-term growth prospects appears to be driving the stock's recent rise.