Why is Nuvoco Vistas falling/rising?

As of 23-Jul, Nuvoco Vistas Corporation Ltd's stock price is rising, currently at 410.20, reflecting an increase of 4.85 (1.2%). The stock has shown strong performance recently, gaining 13.53% over the last eight days and outperforming its sector by 1.67% today. It is also trading close to its 52-week high, just 1.74% away from Rs 417.35. The company has demonstrated impressive financial results, with a significant growth in profit before tax and profit after tax compared to previous quarters, alongside a low debt-equity ratio of 0.45 times. Additionally, high institutional holdings at 22.92% suggest confidence from more knowledgeable investors, contributing to the stock's upward momentum.
In the broader market context, Nuvoco Vistas has outperformed the benchmark, with a one-week return of 9.61% compared to the Sensex's 0.11%. Over the past month, the stock has risen 21.41%, significantly higher than the Sensex's 1.01% increase. This market-beating performance, combined with the company's attractive valuation and strong fundamentals, indicates a positive sentiment among investors, despite a recent decline in delivery volume. Overall, the stock's robust returns and favorable financial metrics have contributed to its rising price.