Why is Piramal Enterp. falling/rising?

As of 18-Sep, Piramal Enterprises Ltd is experiencing a price increase, currently at Rs 1,178.50, reflecting a rise of Rs 14.8 or 1.27%. The stock has shown a positive performance today, outperforming its sector by 0.94% and achieving a consecutive gain over the last two days with a total return of 2.9%. Additionally, the stock's performance over the past week has been strong, with a return of 10.97%, although it has seen a slight decline of 0.53% over the past month. The company has reported significant growth in net profit, with a remarkable increase of 1524.36%, and has maintained positive results for the last two consecutive quarters, contributing to investor confidence. Furthermore, high institutional holdings at 30.43% suggest that knowledgeable investors are backing the stock, which may also support its recent upward movement.
In the broader market context, while the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of 10.97% compared to the Sensex's 1.80%, it has underperformed over the longer term, such as in the 3-year and 5-year periods. The stock's year-to-date performance of 6.56% is slightly better than the benchmark's 6.24%, indicating a relatively strong position despite some volatility. However, the falling investor participation, as indicated by a decrease in delivery volume, may raise concerns about sustained momentum. Overall, while the stock is currently rising, the mixed performance over different time frames and the recent decline in trading volume could suggest caution moving forward.