Why is Piramal Enterp. falling/rising?

As of 18-Aug, Piramal Enterprises Ltd's stock price is rising, currently at 1,184.75, reflecting an increase of 63.65 or 5.68%. The stock has outperformed its sector today by 3.43%, reaching an intraday high of Rs 1189.5, which is a 6.1% increase. Despite a decline of 10.60% over the past month, the stock has shown strong performance year-to-date with a gain of 7.12% and a notable 25.13% increase over the past year. The company has reported very positive results, including a remarkable 1524.36% growth in net profit and strong financial metrics such as the highest cash and cash equivalents at Rs 6,275.89 crore and a high debtors turnover ratio. Additionally, high institutional holdings at 30.43% suggest confidence from more sophisticated investors, which may contribute to the stock's upward movement.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only gained 0.83% over the past week. While the stock has outperformed the market significantly in the last year, the overall market has generated negative returns of -1.14% in the same period. The finance/NBFC sector has also seen a gain of 2.31%, indicating a positive environment for stocks in this sector. However, there is a noted decline in investor participation, with delivery volume falling by 5.82% against the five-day average, which could be a concern for sustained momentum. Overall, the combination of strong company performance and sector support appears to be driving the stock's rise despite some mixed signals in investor activity.