Why is Innova Captab falling/rising?

As of 17-Jul, Innova Captab Ltd's stock price is rising, currently at 929.50, reflecting an increase of 20.85 or 2.29%. The stock has shown strong performance recently, with a consecutive gain over the last five days, resulting in a total return of 7.34% during this period. It has outperformed its sector by 1.87% today and has been trading above its moving averages across various time frames. Despite a decline in delivery volume, which fell by 48.36% against the five-day average, the company maintains a strong ability to service debt with a low Debt to EBITDA ratio of 1.45 times and has demonstrated healthy long-term growth with an annual operating profit increase of 25.43%. The stock's impressive one-year return of 80.50% significantly surpasses the market's performance, indicating robust investor confidence.
In the broader market context, while Innova Captab has outperformed the Sensex in the short term, with a 7.34% gain over the past week compared to the benchmark's decline of 1.12%, the stock has underperformed on a year-to-date basis, showing a decline of 15.81% against the Sensex's increase of 5.27%. This juxtaposition highlights the stock's volatility and potential for recovery, particularly given its high institutional holdings of 20.11%, which suggests a strong backing from investors who are capable of analyzing the company's fundamentals effectively. Overall, the recent upward movement in Innova Captab's stock price can be attributed to its strong financial metrics and positive market sentiment, despite some short-term challenges in trading volume.