Why is Nureca falling/rising?

As of 10-Jul, Nureca Ltd's stock price is currently at Rs 295.00, reflecting a decrease of Rs 6.85 or 2.27%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Today, it reached an intraday high of Rs 315.85 but also touched a low of Rs 288.35, indicating volatility. Despite this decline, the stock has shown positive performance over the past week and month, with returns of +2.36% and +4.61%, respectively. The company has reported strong quarterly results, with a significant increase in profit after tax and net sales, which may have contributed to investor interest. Additionally, there has been a notable rise in institutional investor participation, which could lend some support to the stock despite its current downturn.
In the broader market context, Nureca's recent performance has outpaced the Sensex over the past week and month, where the benchmark has seen minimal movement. However, the stock's year-to-date return of +4.63% is lower than the Sensex's +6.46%, suggesting that while the stock has had some positive momentum, it is still underperforming relative to the overall market. The liquidity of the stock remains adequate, which may help in stabilizing its price in the near term. Overall, while there are positive indicators such as strong quarterly results and increased institutional interest, the recent price decline reflects a correction after a period of gains and the stock's performance relative to the benchmark suggests a cautious outlook.