Why is NACL Industries falling/rising?

As of 29-Aug, NACL Industries Ltd's stock price is rising, currently at 281.50, reflecting an increase of 8.45 (3.09%). The stock has shown strong performance today, outperforming its sector by 2.92% and has gained 8.25% over the last two days. It opened with a gain of 2.18% and reached an intraday high of Rs 286, indicating positive momentum. Despite a slight decline of 3.51% over the past month, the stock has delivered impressive returns year-to-date, with a remarkable increase of 321.79%. Institutional investors have also increased their stake, which may contribute to the stock's upward movement, although concerns remain regarding its long-term fundamental strength due to negative operating profit growth and high debt levels.
Broader Market Context: In the context of the broader market, NACL Industries has outperformed the Sensex, which has declined by 1.84% over the past week and 1.88% over the past month. While the stock has shown significant long-term gains, with a 413.69% increase over the last year, its recent performance contrasts with the benchmark's negative returns. This divergence suggests that despite the broader market challenges, NACL Industries is attracting investor interest, particularly from institutional investors, which may be driving its current price rise.