Why is Piramal Enterp. falling/rising?

As of 25-Aug, Piramal Enterprises Ltd is experiencing a price increase, currently at Rs 1,191.75, reflecting a rise of Rs 24.9 or 2.13%. The stock has outperformed its sector by 2.32% today and has shown consecutive gains over the last two days, with a total return of 2.31% during this period. Despite a decline of 6.60% over the past month, the stock has demonstrated strong performance year-to-date with a gain of 7.75% and a notable 13.37% increase over the past year. The company has reported very positive results, including a significant net profit growth of 1524.36% in the last quarter, which has contributed to investor confidence, alongside high institutional holdings at 30.43%.
In the broader market context, the stock's short-term performance of +0.59% over the past week slightly outpaces the Sensex, which has gained 0.45% in the same timeframe. However, the stock's longer-term performance has been less favorable compared to the benchmark, particularly over three and five years, where it has underperformed against the broader market indices. Despite this, the stock's ability to generate positive returns in a market that has seen negative performance over the past year indicates resilience and potential for future growth, supported by strong fundamentals and positive investor sentiment.