Why is Hindalco Inds. falling/rising?

As of 04-Jul, Hindalco Industries Ltd is experiencing a price increase, currently at 699.35, which reflects a rise of 7.35 or 1.06%. The stock has outperformed its sector by 0.31% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 40.76% against the 5-day average, the stock remains liquid enough for trading. Over the past week, Hindalco has shown a modest return of 0.25%, while its performance over the last month has been significantly stronger at 10.00%, contrasting with the Sensex's return of 3.01% during the same period. The company has demonstrated robust financial health, with a net profit growth of 41.51% and consistent positive results over the last six quarters, contributing to its attractive valuation.
In the broader market context, Hindalco's short-term performance has outpaced the Sensex, which has seen a decline of 0.74% over the past week. The company's strong fundamentals, including a high return on capital employed and substantial institutional holdings at 56.87%, suggest that it is well-positioned compared to its peers. The stock's valuation remains appealing, trading at a discount relative to historical averages, which may attract further investment. Overall, the combination of solid financial results, positive market sentiment, and relative outperformance against the benchmark has contributed to the stock's upward movement.