Why is Hindalco Inds. falling/rising?

As of 11-Sep, Hindalco Industries Ltd is experiencing a slight decline in its stock price, currently at Rs 743.00, reflecting a decrease of 0.3 points or 0.04%. The stock has underperformed its sector today by 0.46% and has fallen after two consecutive days of gains. Despite this recent dip, Hindalco has shown strong performance over the past month with a return of 10.60%, and a year-to-date increase of 23.48%. The stock is currently trading close to its 52-week high, just 3.9% away, and is above its moving averages across various time frames. However, there has been a notable decrease in investor participation, with delivery volume falling by 13.41% against the 5-day average, which may contribute to the recent price movement.
In the broader market context, while Hindalco's short-term performance has lagged behind the benchmark Sensex, which has risen by 1.03% over the past week, the company's fundamentals remain strong. It boasts a low debt-to-equity ratio, consistent growth in net sales and operating profit, and has delivered positive results for the last seven quarters. High institutional holdings at 56.68% suggest confidence from larger investors, which could support the stock in the long term. Despite the recent price decline, the overall outlook remains positive due to the company's attractive valuation and consistent returns over the past three years, indicating that the stock may still be a viable investment option.