Why is Hindalco Inds. falling/rising?

As of 18-Aug, Hindalco Industries Ltd is experiencing a price increase, currently at 714.30, reflecting a rise of 19.25 or 2.77%. The stock has shown strong performance today, outperforming its sector by 0.49% and reaching an intraday high of Rs 719, which is a 3.45% increase. Over the past week, the stock has gained 5.67%, and it has also outperformed the benchmark Sensex, which has only increased by 0.83%. The company has demonstrated robust fundamentals, with a low debt-to-equity ratio of 0.49 and consistent growth in net sales and operating profit. Additionally, it has reported positive results for the last seven consecutive quarters, contributing to investor confidence and driving the stock's upward movement.
In the broader market context, Hindalco's short-term performance significantly outpaces the Sensex, which indicates a strong relative strength in its sector. The aluminium and aluminium products sector has gained by 2.4%, further supporting Hindalco's rise. Despite a recent decline in investor participation, as evidenced by a 29.83% drop in delivery volume, the stock remains liquid enough for trading. The high institutional holdings at 56.68% suggest that knowledgeable investors are backing the stock, which may contribute to its market-beating performance over both the long and short term. Overall, the combination of strong financial metrics, sector performance, and institutional support underpins the stock's positive trajectory.