Why is Piramal Enterp. falling/rising?

As of 03-Jul, Piramal Enterprises Ltd is experiencing a slight increase in its stock price, currently at 1,161.25, reflecting a change of 2.0 (0.17%) upward. The stock has outperformed its sector by 0.69% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, it has generated a return of 23.05%, significantly surpassing the market's average return of 2.20%. However, there has been a notable decline in investor participation, with delivery volume dropping by 48.76% compared to the 5-day average. Positive factors contributing to the stock's performance include a substantial growth in profit after tax, a high return on capital employed, and significant cash reserves, alongside strong institutional holdings which suggest confidence from knowledgeable investors.
In the broader market context, while Piramal Enterprises has shown a positive return of 0.87% over the past week, the benchmark Sensex has declined by 0.62% during the same period. This indicates that the stock is performing well relative to the overall market. Despite the recent drop in delivery volume, the stock's strong fundamentals and market-beating performance over the past year suggest resilience and potential for continued growth, even as broader market conditions fluctuate.