Why is Pokarna falling/rising?

As of 29-Jul, Pokarna Ltd's stock price is rising, currently at 975.80, reflecting an increase of 31.95 (3.39%). Today's price summary indicates that the stock has outperformed its sector by 3.92% and has experienced a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 985, which is a 4.36% increase. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a significant increase in delivery volume, rising by 274.61% against the 5-day average, indicating rising investor participation. Over the past year, Pokarna has generated a return of 36.46%, outperforming the BSE500, and has demonstrated strong financial performance with a net profit growth of 279.75% and consistent positive results for the last seven quarters.
In the broader market context, Pokarna's short-term performance has been relatively weak, with a 1-week return of -6.13% compared to a -1.03% decline in the Sensex. However, the stock's long-term performance has been robust, with a 3-year return of 81.06% compared to the benchmark's 41.28%. The high institutional holdings at 21.11% suggest that knowledgeable investors are confident in the company's fundamentals, which may contribute to the stock's recent upward movement despite its short-term volatility. Overall, while the stock is currently rising, it faces challenges in maintaining momentum against the backdrop of its recent performance trends.