Why is Nureca falling/rising?

As of 07-Jul, Nureca Ltd's stock price is rising, currently at Rs 291.00, reflecting an increase of Rs 6.0 or 2.11%. Today's price performance indicates that the stock has outperformed its sector by 3.2%, reaching an intraday high of Rs 291. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting positive momentum. However, there is a notable decline in investor participation, with delivery volume falling by 10.59% compared to the 5-day average. Despite this, the company has reported strong quarterly results, including a 271.2% growth in PAT and record net sales, which may have contributed to the recent price increase. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Nureca's short-term return over the past week is +0.36%, which is better than the benchmark Sensex, which has declined by 0.20% during the same period. However, the stock's year-to-date performance of +3.21% lags behind the Sensex's +6.79%. While the recent positive financial results and increased institutional interest provide a favorable outlook, the long-term growth concerns, including a significant decline in net sales and operating profit over the past five years, present risks that could affect future performance.