Why is Nuvoco Vistas falling/rising?

As of 27-Jun, Nuvoco Vistas Corporation Ltd is experiencing a price increase, currently at 357.55, reflecting a rise of 5.55 or 1.58%. The stock has shown a positive performance today, gaining for the last four consecutive days with a total return of 5.83% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there is a notable decline in investor participation, with delivery volume dropping by 90.88% compared to the 5-day average. The company has recently reported positive results after three consecutive negative quarters, with a higher profit after tax and a favorable debt-equity ratio, which may contribute to the stock's upward movement despite a significant drop in profits over the past year.
In the broader market context, Nuvoco Vistas has outperformed the Sensex in the short term, with a 1-week return of 5.15% compared to the benchmark's 2.00%. However, over the longer term, the stock's performance has lagged behind the Sensex, with a year-to-date return of 2.08% versus the benchmark's 7.58%. The high institutional holdings at 22.92% suggest that knowledgeable investors are backing the stock, which may provide additional support for its price. Despite the recent gains, the stock's overall performance over the past year remains modest, with a return of only 0.56%, indicating that while there are positive developments, challenges still exist.