Why is Hindalco Inds. falling/rising?

As of 30-Jun, Hindalco Industries Ltd is currently priced at 695.00, reflecting a decrease of 2.6, or 0.37%. The stock has experienced a trend reversal, falling after six consecutive days of gains. Despite this recent decline, Hindalco has shown strong performance over various periods, with a 5.03% increase over the past week and a 9.73% rise over the past month. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, the company has reported healthy long-term growth, with net sales increasing at an annual rate of 15.08% and operating profit at 21.02%. The recent financial results have been very positive, with a net profit growth of 41.51% and consistent positive results over the last six quarters, contributing to a strong valuation and high institutional holdings.
In the broader market context, Hindalco's short-term performance has outpaced the benchmark Sensex, which has increased by 2.09% over the past week. The stock's strong returns, particularly a 15.51% increase year-to-date compared to the Sensex's 7.00%, reflect its robust fundamentals and market position, as it constitutes 80.40% of its sector. However, the recent decline may be attributed to profit-taking after a significant rally, despite the stock's attractive valuation and high institutional interest, which typically supports price stability.