Why is NTC Industries falling/rising?

As of 22-Aug, NTC Industries Ltd is experiencing a price increase, currently at Rs 221.10, reflecting a rise of Rs 12.25 or 5.87%. The stock has shown strong performance today, outperforming its sector by 8% and achieving a consecutive gain over the last six days, with a total return of 34.61% during this period. It reached an intraday high of Rs 223.8, and is trading above all key moving averages, indicating positive momentum. Additionally, the company has demonstrated impressive financial growth, with net sales increasing at an annual rate of 30.31% and a remarkable net profit growth of 273.03%. The recent positive results over the last three quarters and a low debt-to-equity ratio further bolster investor confidence. In the broader market context, NTC Industries has significantly outperformed the benchmark Sensex over the past week, with a return of +28.92% compared to the Sensex's +0.88%. While the stock has faced challenges over the longer term, such as a year-to-date decline of -5.51%, the recent surge in institutional investor participation, which has increased by 2.83%, suggests a growing confidence in the company's fundamentals. This rising interest from institutional investors, combined with the company's attractive valuation metrics and strong operational performance, contributes to the stock's upward trajectory despite the overall sector's decline of -2.1%.