Why is Nureca falling/rising?

As of 08-Jul, Nureca Ltd's stock price is currently at Rs 294.00, reflecting an increase of Rs 3.0 or 1.03%. The stock has shown a positive performance today, outperforming its sector by 1.33% and has been on a consecutive gain for the last two days, rising 3.16% during this period. However, it opened with a loss of 3.61% and touched an intraday low of Rs 280.5. Despite this initial dip, Nureca is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally upward trend. Additionally, the company has reported strong financial results, including a significant growth in PAT and NET SALES, which may have contributed to the stock's recent positive movement. The increase in institutional investor participation, with a 0.71% rise in their stake, also suggests growing confidence in the company's fundamentals.
In the broader market context, Nureca's short-term return over the past week is +4.29%, significantly outperforming the Sensex, which has only increased by 0.02% during the same period. While Nureca's year-to-date return stands at +4.27%, it lags behind the Sensex's +7.13% return. This indicates that while Nureca is experiencing some positive momentum, it is still underperforming relative to the broader market over the longer term. The falling delivery volume suggests a decrease in investor participation, which could pose a risk to sustained price increases. Overall, the combination of strong financial results and increased institutional interest is supporting the stock's rise, despite some short-term volatility and lower retail participation.