Why is Rain Industries falling/rising?

As of 13-Aug, Rain Industries Ltd is experiencing a price increase, with its current price at Rs 157.95, reflecting a rise of 1.05 (0.67%). The stock has shown a positive trend today, outperforming its sector by 1.6% and reversing a three-day consecutive decline. It reached an intraday high of Rs 161.55, indicating strong intraday performance. Over the past week, the stock has gained 3.78%, while its one-month return stands at 8.18%. Despite this recent uptick, the stock has a year-to-date decline of 6.54%. Positive financial results reported on June 25, including the highest operating profit to interest ratio and net sales, along with a significant increase in profits, have contributed to a favorable valuation compared to peers. Additionally, institutional investors have increased their stake, suggesting growing confidence in the company's fundamentals.
In the broader market context, Rain Industries' short-term performance contrasts with the Sensex, which has remained flat over the past week, declining by 0.01%. This indicates that while the stock is gaining traction, the overall market sentiment may not be as strong. The stock's liquidity remains adequate for trading, despite a notable drop in delivery volume, which could indicate a potential concern for retail investor participation. However, the increase in institutional investment suggests a more robust outlook for the company, potentially supporting its recent price movements amidst a challenging market environment.