Why is Neuland Labs. falling/rising?

As of 17-Jul, Neuland Laboratories Ltd is experiencing a price increase, currently at Rs 14,492.60, reflecting a rise of 92.95 points or 0.65%. The stock has shown strong performance over the past week, with a return of 21.28%, significantly outperforming the Sensex, which declined by 1.12%. Despite a day’s low of Rs 14,098, the stock is trading above its moving averages across various time frames, indicating a bullish trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 31.87% compared to the 5-day average. The company benefits from a low Debt to EBITDA ratio of 0.57 times and high institutional holdings at 33.48%, which suggests confidence in its fundamentals despite recent negative financial results.
In the broader market context, Neuland Laboratories Ltd's performance over the last year has been impressive, yielding a 70.74% return, while the Sensex has only increased by 1.91%. This stark contrast highlights the stock's strong resilience and appeal among investors. However, the company has faced challenges, including a significant drop in net sales and consecutive negative results over the last three quarters, which could temper future growth expectations. Despite these negatives, the stock's ability to maintain a premium valuation and consistent returns over the past three years suggests that investors may still find it attractive, contributing to its current upward price movement.