Why is Piramal Enterp. falling/rising?

As of 15-Jul, Piramal Enterprises Ltd is experiencing a price increase, with its current price at Rs 1,324.05, reflecting a rise of Rs 30.8 or 2.38%. The stock has reached a new 52-week high of Rs 1,350.1 today and has outperformed its sector by 1.57%. Over the past three days, the stock has gained 14.02%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns, with a 40.10% increase over the past year, significantly outpacing the broader market's return of just 2.36%. The company's strong performance is further supported by a substantial growth in profit after tax and high cash reserves, which contribute to positive investor sentiment.
In the broader market context, Piramal Enterprises has outperformed the Sensex, which has declined by 1.36% over the past week while the stock itself has risen by 13.56%. This divergence highlights the stock's strength relative to the market. The high institutional holdings at 30.46% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward trajectory. The significant increase in delivery volume, which rose by 224.95% against the five-day average, indicates rising investor participation and liquidity, reinforcing the positive outlook for Piramal Enterprises amidst a challenging market environment.