Why is Suzlon Energy falling/rising?

As of 30-Jun, Suzlon Energy Ltd's stock price is currently at 67.78, reflecting an increase of 0.48 (0.71%). The stock has shown a positive trend recently, gaining 5.38% over the last three days and outperforming its sector by 0.43% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 29.65% and a remarkable growth in net profit of 204.56%. Additionally, the stock has consistently generated returns, outperforming the BSE 500 in each of the last three annual periods, which contributes to investor confidence and supports the recent price rise.
In the broader market context, Suzlon Energy's 1-week return of +7.98% significantly outpaces the Sensex's +2.09%, highlighting its strong performance relative to the benchmark. The stock's liquidity is also favorable, with a delivery volume increase of 118.1% against the 5-day average, suggesting rising investor participation. This positive sentiment is further bolstered by high institutional holdings at 31.77%, indicating that knowledgeable investors are backing the stock. Overall, the combination of strong financial results, consistent returns, and positive market sentiment has contributed to the upward movement of Suzlon Energy's stock price.