Why is Piramal Enterp. falling/rising?

As of 01-Jul, Piramal Enterprises Ltd is experiencing a price increase, currently at Rs 1,167.80, reflecting a rise of Rs 26.9 or 2.36%. The stock has shown a positive trend today, outperforming its sector by 2.5% and reversing a two-day decline. It reached an intraday high of Rs 1,174.75, which is a 2.97% increase. Over the past week, the stock has gained 3.75%, and over the last month, it has risen by 5.58%, significantly outperforming the Sensex, which has increased by 2.00% during the same period. Notably, the stock's price is above all key moving averages, indicating a bullish trend. However, there has been a decline in investor participation, with delivery volume falling by 18.63% compared to the five-day average.
In the broader market context, Piramal Enterprises has generated a return of 26.47% over the past year, which is substantially higher than the BSE500 market return of 3.20%, showcasing its strong performance relative to the market. The company has reported impressive financial metrics, including a 136% growth in PAT for the quarter and a high return on capital employed (ROCE) of 6.20%. Additionally, the company holds substantial cash reserves of Rs 6,275.89 crore and has a significant institutional ownership of 30.46%, suggesting confidence from informed investors. These factors collectively contribute to the stock's upward movement, despite a slight decrease in trading volume.