Why is Neuland Labs. falling/rising?

As of 31-Oct, Neuland Laboratories Ltd is experiencing a price increase, currently at Rs 16,560.00, reflecting a rise of Rs 391.2 or 2.42%. The stock has shown strong performance today, outperforming its sector by 2.87% and has been on a consecutive gain for the last two days, accumulating a total return of 7.71% during this period. Notably, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has demonstrated consistent returns over the past three years, with a remarkable 1014.14% increase over three years and a 20.22% rise year-to-date, which has contributed to investor confidence. The low Debt to EBITDA ratio of 0.57 times and high institutional holdings at 34.55%, which have increased by 0.89% over the previous quarter, further support the stock's upward movement.
In the broader market context, Neuland Laboratories Ltd has outperformed the Sensex in the short term, with a 3.23% increase over the past week compared to a decline of 0.32% in the benchmark index. This strong performance relative to the market is indicative of investor confidence in the company's fundamentals, particularly given its ability to service debt and the rising participation from institutional investors. The liquidity of the stock, supported by a significant increase in delivery volume, also suggests a healthy trading environment, which may further bolster its price movement in the near term.