Why is Piramal Enterp. falling/rising?

As of 17-Sep, Piramal Enterprises Ltd is experiencing a price increase, currently at Rs 1,163.70, reflecting a rise of Rs 18.4 or 1.61%. The stock has shown strong performance today, outperforming its sector by 1.67%, and reached an intraday high of Rs 1,185.8, which is a 3.54% increase. Over the past week, the stock has gained 8.84%, while its one-month return stands at 3.80%. The company has reported very positive financial results, including a remarkable 1524.36% growth in net profit and strong cash reserves, which have likely contributed to the positive sentiment among investors. Additionally, high institutional holdings at 30.43% suggest confidence from more knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, the stock's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 1.56% over the past week. While the stock's year-to-date return of 5.22% is slightly below the Sensex's 5.83%, its one-year performance of 6.44% contrasts sharply with the Sensex's decline of 0.46%, indicating a strong relative strength. The rising investor participation, as evidenced by a 24.1% increase in delivery volume, also points to growing interest in the stock, which may be bolstered by its favorable financial metrics and consistent positive results over the last two quarters.