Why is Hindalco Inds. falling/rising?

As of 18-Sep, Hindalco Industries Ltd is experiencing a slight increase in its stock price, currently at 750.15, with a change of 0.15 (0.02%) upwards. The stock is performing well, being only 2.91% away from its 52-week high of Rs 772. It has shown a positive trend with a 1-week return of +0.96% and a 1-month return of +5.02%. The stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance. Additionally, there has been a rise in investor participation, with delivery volume increasing by 9.71% against the 5-day average, and the stock has a healthy liquidity level for trading. Positive factors contributing to this rise include a low debt-to-equity ratio of 0.49, consistent growth in net sales and operating profit, and strong financial results over the past seven quarters, including a significant increase in profit after tax.
In the broader market context, Hindalco's short-term performance is slightly lagging behind the benchmark Sensex, which has increased by 1.80% over the past week. However, the stock has outperformed the benchmark over longer periods, with a year-to-date return of +24.67% compared to the Sensex's +6.24%. The company’s strong fundamentals, including high institutional holdings at 56.68% and consistent returns over the last three years, further support its positive outlook despite the recent minor fluctuations in price. Overall, the combination of solid financial health, growth potential, and investor confidence appears to be driving the stock's recent upward movement.