Why is Nureca falling/rising?

As of 09-Jul, Nureca Ltd's stock price is currently at Rs 301.85, reflecting an increase of Rs 7.85, or 2.67%. The stock has shown a positive trend recently, gaining 5.91% over the last three days and outperforming its sector by 2.21% today. Despite opening with a loss of 3.18%, it reached an intraday high of Rs 301.85. Over the past week, Nureca has outperformed the Sensex, with a return of 6.47% compared to the benchmark's 0.15%. Additionally, the company reported strong quarterly results, with a significant growth in profit after tax and net sales, which may have contributed to the positive sentiment around the stock. However, there has been a notable decline in delivery volume, falling by 75.79% against the five-day average, indicating reduced investor participation.
In the broader market context, Nureca's short-term performance has been strong relative to the Sensex, which has only increased by 0.15% over the past week. While the stock has shown resilience with a year-to-date return of 7.06% compared to the Sensex's 6.91%, it is important to note that the stock has experienced a significant decline over the past three years, down 69.31%, contrasting sharply with the Sensex's 53.33% gain during the same period. The recent increase in institutional investor participation, with a 0.71% increase in their stake, suggests a growing confidence in the company's fundamentals, which may further support the stock's upward movement.