Why is Nuvoco Vistas falling/rising?

As of 15-Sep, Nuvoco Vistas Corporation Ltd's stock price is currently at 435.55, reflecting an increase of 7.4 or 1.73%. The stock has shown a trend reversal, gaining after six consecutive days of decline. It has outperformed its sector by 1.34% today, with a delivery volume that has risen by 1.78% against the five-day average, indicating increased investor participation. Despite a negative return of -3.75% over the past week and -3.53% over the past month, the stock has generated a positive return of 24.35% year-to-date, significantly outperforming the benchmark Sensex, which has only risen by 4.67% in the same period. The company's strong financial performance, including a remarkable growth in profit before tax and profit after tax, along with a low debt-equity ratio, suggests an attractive valuation that may be contributing to the recent price increase.
In the broader market context, while the stock has faced short-term challenges, it has managed to outperform the benchmark Sensex, which has shown a positive return of 1.24% over the past week. The stock's ability to generate a return of 23.49% over the past year, in contrast to the Sensex's decline of -1.33%, highlights its resilience in a challenging market environment. High institutional holdings at 22.93% further support the stock's stability, as these investors typically have the resources to analyze company fundamentals effectively. Overall, the combination of a recent price increase, strong financial results, and favorable institutional interest suggests that Nuvoco Vistas is positioned well despite recent volatility.