Why is Hindalco Inds. falling/rising?

As of 22-Jul, Hindalco Industries Ltd is experiencing a price increase, currently at 690.00, reflecting a rise of 7.5 or 1.1%. The stock has shown strong performance recently, gaining 3.37% over the last four days and outperforming the benchmark Sensex, which has declined by 0.47% over the past week. Hindalco is trading above its moving averages across various time frames, indicating positive momentum. Additionally, the stock has seen a significant increase in delivery volume, rising by 20.44% compared to the five-day average, suggesting heightened investor interest. The company has also reported robust financial growth, with net sales increasing at an annual rate of 15.08% and a net profit growth of 41.51%, contributing to its strong buy sentiment.
In the broader market context, Hindalco's short-term performance has been notably better than the Sensex, which has faced a slight decline. The stock's year-to-date return of 14.68% also surpasses the Sensex's 5.18% gain, highlighting its resilience and attractiveness to investors. The company's strong fundamentals, including a high return on capital employed and consistent positive results over the last six quarters, have bolstered investor confidence. Furthermore, with high institutional holdings at 56.87%, the stock benefits from informed investment decisions, further supporting its upward price movement.