Why is Hindalco Inds. falling/rising?

As of 25-Jul, Hindalco Industries Ltd is currently priced at 692.85, reflecting a decrease of 5.75 (-0.82%). The stock has experienced a trend reversal, falling after six consecutive days of gains. Despite this recent decline, Hindalco has shown strong performance in the past week with a return of +2.64% and +3.10% over the past month, significantly outperforming the Sensex, which has seen declines of -0.36% and -1.56% respectively. The stock is trading above its moving averages across various time frames, indicating a generally positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 28.94% against the five-day average. The company's strong fundamentals, including a 41.51% growth in net profit and consistent positive results over the last six quarters, contribute to its attractiveness as an investment.
In the broader market context, Hindalco's performance has outpaced the benchmark indices, demonstrating resilience and strong growth compared to the Sensex, which has only returned +4.25% year-to-date. The stock's long-term growth prospects are bolstered by high institutional holdings at 56.68%, indicating confidence from larger investors who typically have more resources to analyze company fundamentals. Moreover, Hindalco's market-beating performance over the last three years, with a return of +79.03%, further emphasizes its strong position within the sector. Despite the recent price drop, the overall outlook remains positive due to the company's robust financial health and market dominance, which suggests that the decline may be a temporary adjustment rather than a reflection of underlying weakness.