Why is Nureca falling/rising?

As of 03-Jul, Nureca Ltd's stock price is currently at 288.20, reflecting an increase of 4.7 (1.66%). The stock has shown positive momentum, having gained 2.23% over the last two days and opening with a notable gain of 4.69% today. It has outperformed its sector by 2.9% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company reported strong quarterly results, with a significant growth in PAT and net sales compared to previous averages, which may have contributed to the recent price increase. However, the company also faces challenges, such as a poor long-term growth rate in net sales and operating profit over the past five years, along with a risky trading profile due to negative EBITDA.
In the broader market context, Nureca's short-term performance of +2.05% over the past week contrasts with the Sensex, which has declined by 0.62% during the same period. While the stock has shown resilience in the short term, its year-to-date return of +2.22% lags behind the Sensex's +6.53%. The increasing participation from institutional investors, who have raised their stake in the company, suggests a growing confidence in its fundamentals, despite the risks associated with its long-term growth outlook.