Why is Titan Company falling/rising?

As of 08-Oct, Titan Company Ltd's stock price is rising, currently at Rs 3,566.15, reflecting an increase of Rs 149.6 or 4.38%. Today, the stock has outperformed its sector by 0.33% and has shown a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 3,580, indicating strong momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive technical outlook. Despite a recent drop in delivery volume by 25.87% against the 5-day average, the company maintains strong fundamentals, including a 34.28% CAGR growth in operating profits and a low Debt to EBITDA ratio of 1.46 times, which supports its ability to service debt effectively.
In the broader market context, Titan Company's 1-week return of +4.71% significantly outpaces the Sensex's +0.98%, indicating strong relative performance in the short term. While the stock has seen a decline of 2.51% over the past month, its year-to-date performance of +9.59% surpasses the Sensex's +4.65%. The high institutional holdings at 30.33% reflect confidence from sophisticated investors, which may contribute to the stock's resilience and upward movement. Overall, the combination of strong sales growth, high profitability, and favorable market conditions has positively influenced Titan Company's stock price.