Why is Hindalco Inds. falling/rising?

As of 02-Jul, Hindalco Industries Ltd is experiencing a price increase, currently at 698.15, reflecting a rise of 3.5 (0.5%). The stock has shown a positive trend today, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Over the past week, the stock has increased by 3.89%, significantly outperforming the Sensex, which rose by only 0.79%. Additionally, the company has demonstrated robust financial health, with net sales growing at an annual rate of 15.08% and a net profit increase of 41.51%, contributing to a positive sentiment among investors.
In the broader market context, Hindalco's short-term performance has outpaced the benchmark, with a 10.80% increase over the past month compared to the Sensex's 2.50% rise. Despite a recent decline in investor participation, as indicated by a 15.79% drop in delivery volume, the stock remains liquid enough for substantial trades. The high institutional holdings at 56.87% suggest confidence from more knowledgeable investors, further supporting the stock's upward trajectory. Overall, the combination of strong financial results, attractive valuations, and positive market sentiment has contributed to Hindalco's rising stock price.