Why is Indegene falling/rising?

As of 05-Jun, Indegene Ltd's stock price is rising, currently at 595.40, reflecting an increase of 5.5 (0.93%). The stock opened with a gain of 2.42% today and reached an intraday high of Rs 614.4, indicating strong positive momentum. It has outperformed its sector by 0.58% today and has shown a 1.22% increase over the past week, while over the last month, it has risen by 6.52%. The stock's performance is supported by positive financial results, including record net sales and profitability, alongside a high return on equity of 15.55%. Additionally, the stock has seen a significant increase in delivery volume, suggesting rising investor interest, particularly from institutional investors who have increased their stake in the company.
In the broader market context, while Indegene's stock has shown positive short-term returns, the benchmark Sensex has experienced a slight decline of 0.23% over the past week. This indicates that Indegene is performing well relative to the overall market. Despite a year-to-date decline of 1.42% compared to the Sensex's gain of 4.23%, the stock's recent upward movement and strong fundamentals suggest a potential recovery. The technical trend is currently sideways, indicating no clear price momentum, but the overall positive factors, including increasing institutional participation and solid financial performance, contribute to the stock's rising price.