Why is UPL falling/rising?

As of 17-Jul, UPL Ltd. is experiencing a price increase, with its current price at Rs 692.40, reflecting a rise of Rs 22.1 or 3.3%. The stock is currently trading just 0.93% away from its 52-week high of Rs 698.85 and has shown strong performance today, outperforming its sector by 1.83%. Over the past week, UPL has gained 4.69%, and its year-to-date return stands at an impressive 37.93%. The company has reported significant growth in operating profit, with a 67.07% increase, and has declared positive results for the last two consecutive quarters. Additionally, high institutional holdings at 55.77% indicate strong investor confidence, further supporting the stock's upward movement.
In the broader market context, UPL's short-term performance has significantly outpaced the benchmark, as it has generated a return of 4.69% over the past week compared to a decline of 1.12% in the Sensex. This contrast highlights UPL's strong market position, especially given its market-beating return of 24.04% over the past year against the BSE500's minimal return of 0.26%. Despite some risks, such as a high Debt to EBITDA ratio and low long-term growth, the overall positive financial indicators and strong institutional backing contribute to the stock's rising trend.