Why is Nuvoco Vistas falling/rising?

As of 31-Jul, Nuvoco Vistas Corporation Ltd's stock price is rising, currently at 430.80, reflecting an increase of 5.35 (1.26%). The stock has recently hit a new 52-week high of Rs. 438 and has outperformed its sector by 1.89%. Over the past three days, it has gained 7.18%, and it is trading above all key moving averages, indicating strong momentum. Despite a slight decline in delivery volume, the company has reported impressive financial results, with a significant growth in profit before tax and profit after tax compared to previous quarters. Additionally, the company's low debt-equity ratio and attractive valuation relative to peers contribute positively to investor sentiment.
In the broader market context, Nuvoco Vistas has shown a remarkable performance compared to the benchmark, with a 1-week return of +3.82% while the Sensex has declined by -1.22%. Over the past month, the stock has increased by 20.62%, contrasting sharply with the Sensex's -3.00% performance. This market-beating trend highlights the stock's resilience and appeal, especially as it has generated a return of 21.45% over the past year, significantly outperforming the negative returns of the broader market. High institutional holdings further bolster confidence in the stock, as these investors typically have more resources to analyze the company's fundamentals.