Why is Interglobe Aviat falling/rising?

As of 30-Jun, Interglobe Aviation Ltd's stock price is rising, currently at 5,976.70, reflecting an increase of 165.05 or 2.84%. The stock has reached a new 52-week high of Rs 5997.25 today and has been on a positive trajectory, gaining 13.95% over the last seven days. It is trading above all key moving averages, indicating strong momentum. Over the past year, the stock has generated a return of 41.36%, significantly outperforming the BSE 500, while also showing impressive growth in net sales and operating profit. The company has recently reported positive results after two consecutive negative quarters, which has likely bolstered investor confidence. Additionally, high institutional holdings at 45.85% suggest strong backing from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Interglobe Aviation's short-term return of 9.46% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. The airline sector, in which the company operates, has also seen a gain of 2.65%, indicating a favorable environment for stocks in this industry. The rising investor participation, evidenced by a substantial increase in delivery volume, reflects growing interest and confidence in the stock, contributing to its price increase. Overall, the combination of strong company performance, positive market sentiment, and sector growth has propelled Interglobe Aviation's stock price higher.