Why is Piramal Enterp. falling/rising?

As of 22-Aug, Piramal Enterprises Ltd's stock is currently priced at 1,166.85, reflecting a rise of 2.0 points or 0.17%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite touching an intraday low of Rs 1,093.05 earlier in the day, the stock has outperformed its sector by 0.61%. Over the past week, it has increased by 4.08%, while its year-to-date performance stands at a positive 5.50%. The company has reported significant growth in net profit and net sales, with a net profit increase of 1524.36% and net sales growth of 45.41%. Additionally, a substantial decrease in raw material costs by 72.41% year-over-year has contributed positively to its financial results.
In the broader market context, while the stock has outperformed the benchmark Sensex, which has only gained 0.88% over the past week, it has also shown resilience compared to the BSE500, which has generated negative returns of -2.49% in the last year. The stock's performance over the past year has been notably strong, with a return of 12.46%, indicating its ability to generate positive returns even in a challenging market environment. High institutional holdings at 30.43% suggest that knowledgeable investors are backing the stock, further supporting its recent upward movement.