Why is Torrent Pharma falling/rising?

As of 15-Jul, Torrent Pharmaceuticals Ltd. is experiencing a price increase, with its current price at Rs 3,428.55, reflecting a rise of 16.8 points or 0.49%. The stock has been gaining for the last two days, accumulating a total return of 3.67% during this period. It is currently trading close to its 52-week high, just 4.71% away from Rs 3,589.95. The stock is performing well against its moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the company has demonstrated strong financial health, with a high return on capital employed (ROCE) of 22.33% and a low debt-to-EBITDA ratio of 1.26 times. The consistent positive results over the last seven quarters and high institutional holdings at 24.66% further bolster investor confidence.
In the broader market context, Torrent Pharmaceuticals has outperformed the Sensex over the past week, with a return of +3.33% compared to the benchmark's -1.36%. While the stock has underperformed its sector by 0.76% today, its overall performance remains strong, especially with a 16.23% return over the past year, significantly surpassing the Sensex's 2.36% gain. This indicates that despite some short-term fluctuations, the stock's solid fundamentals and positive investor sentiment are contributing to its upward price movement.