Why is Torrent Pharma falling/rising?

As of 02-Sep, Torrent Pharmaceuticals Ltd. is experiencing a price increase, with its current price at Rs 3,591.50, reflecting a rise of Rs 18.05 or 0.51%. The stock has been gaining for the last three days, with a total return of 0.57% during this period. Today, it opened with a gain of 2.25% and reached an intraday high of Rs 3,653.95. Despite this positive movement, the stock has shown a decline of 0.29% over the past week and 2.25% over the past month. However, it has outperformed the BSE500 benchmark over the last year, generating a return of 4.42% compared to the benchmark's decline of 2.91%. The company has demonstrated high management efficiency, a strong ability to service debt, and consistent positive results over the last eight quarters, which contribute to its recent upward movement.
In the broader market context, while Torrent Pharmaceuticals has outperformed the Sensex over the past year, it has faced a decline in short-term returns compared to the benchmark, which fell by 0.78% over the past week. The stock's liquidity remains adequate, but there has been a notable decrease in investor participation, with delivery volume dropping significantly. Despite this, the high institutional holdings at 24.75% suggest that knowledgeable investors continue to support the stock, indicating confidence in its fundamentals. Overall, the combination of recent positive performance and strong financial metrics has contributed to the stock's rise, even as it faces some short-term challenges.