Why is Hindalco Inds. falling/rising?

As of 07-Aug, Hindalco Industries Ltd is experiencing a price increase, currently at 689.40, reflecting a change of 4.4 or 0.64% upward. Today's price summary indicates that the stock has outperformed its sector by 0.3% and has shown a trend reversal after two consecutive days of decline. Additionally, Hindalco is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a slight decrease in delivery volume, the stock's strong fundamentals are highlighted by a consistent growth in net sales and operating profit, alongside impressive net profit growth of 41.51%. The company has reported positive results for six consecutive quarters and maintains a high return on capital employed, making it an attractive investment compared to its peers.
In the broader market context, Hindalco's short-term performance over the past week shows a gain of 0.92%, contrasting with the Sensex, which has declined by 0.69%. This indicates that Hindalco is not only resilient but also thriving in a challenging market environment. The stock has demonstrated consistent returns over the past three years, outperforming the BSE500 in each of the last three annual periods, which further solidifies its position as a strong buy. With high institutional holdings and a significant market cap, Hindalco's robust financial health and growth potential contribute to its rising stock price amidst broader market fluctuations.