Why is Piramal Enterp. falling/rising?

As of 19-Aug, Piramal Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 1,182.00, reflecting a decrease of Rs 2.75 or 0.23%. The stock's performance today has been inline with the sector, having touched an intraday low of Rs 1,152.85, which represents a drop of 2.69%. Over the past week, the stock has shown a positive return of 5.16%, although it has declined by 10.81% over the past month. Notably, the company has reported a significant growth in net profit of 1524.36% and has declared positive results for the last two consecutive quarters, which may contribute to investor confidence despite the recent price drop. Additionally, the stock has a high institutional holding of 30.43%, indicating strong support from knowledgeable investors.
In the broader market context, while the stock has outperformed the benchmark index, Sensex, over the past year with a return of 20.16% compared to Sensex's 1.52%, it has underperformed in the short term relative to the benchmark, which has only declined by 0.14% over the past month. This suggests that while the stock has shown resilience and positive long-term performance, recent market conditions may be affecting its short-term price movement. The liquidity of the stock remains healthy, with a delivery volume increase of 51.92% against the 5-day average, which could indicate ongoing interest from investors despite the current price decline.