Why is Nuvoco Vistas falling/rising?

As of 11-Jul, Nuvoco Vistas Corporation Ltd is currently priced at 361.30, reflecting a decrease of 1.7 points or 0.47%. Today's performance indicates that the stock has underperformed its sector by 0.45%. Despite this decline, the stock touched an intraday high of Rs 372.5, showing a potential for upward movement earlier in the day. Over the past week, Nuvoco has shown a slight increase of 0.54%, and over the past month, it has risen by 0.64%. However, the company has recently reported positive results after three consecutive negative quarters, with significant growth in profit before tax and a higher profit after tax, which may contribute to investor interest despite the current price drop.
In the broader market context, Nuvoco's short-term performance has outpaced the Sensex, which has declined by 1.12% over the past week. The stock's year-to-date return of 3.15% is notably lower than the Sensex's 5.58%, indicating that while the stock has shown some resilience, it is still lagging behind the overall market. The high institutional holdings at 22.92% suggest that more informed investors are backing the stock, which could provide some stability. However, the significant drop in profits over the past year, despite a modest return, raises concerns that may be influencing the current price movement.