Why is Nuvoco Vistas falling/rising?

As of 02-Jul, Nuvoco Vistas Corporation Ltd is experiencing a price increase, currently at 362.80, reflecting a rise of 5.65 or 1.58%. The stock has been gaining for the last two days, with a total return of 2.41% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a recent decline in delivery volume by 35.53% compared to the 5-day average, the company has reported positive results after three consecutive negative quarters, with a higher profit after tax of Rs 104.17 crore and a low debt-equity ratio of 0.45 times. However, it is important to note that while the stock has generated a return of 0.58% over the past year, its profits have significantly decreased by 85.2%.
In the broader market context, Nuvoco Vistas has outperformed the Sensex in the short term, with a 1-week return of 3.67% compared to the Sensex's 0.79%. Although the stock's year-to-date return of 3.58% lags behind the Sensex's 6.75%, the high institutional holdings at 22.92% suggest that knowledgeable investors are backing the stock, which could provide further support for its price movement. Overall, the combination of recent positive financial results and strong institutional interest appears to be contributing to the stock's upward momentum, despite some concerns regarding declining profit levels.