Why is UPL falling/rising?

As of 18-Jul, UPL Ltd. is experiencing a decline in its stock price, currently at Rs 687.40, which reflects a decrease of 5.0 points or 0.72%. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of 5.41% and 7.74%, respectively. It is also trading close to its 52-week high, just 1.67% away from Rs 698.85. 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. Positive factors contributing to its overall strength include a significant growth in operating profit and a high cash reserve, alongside strong institutional holdings which have increased by 1.42%. However, the company faces challenges with a high Debt to EBITDA ratio, indicating potential risks in servicing its debt.
In the broader market context, UPL's performance has outpaced the benchmark Sensex, which has seen a decline of 0.90% over the past week. The stock's year-to-date return of 36.93% significantly exceeds the Sensex's 4.63%, showcasing its resilience in a challenging market environment. Despite the recent price drop, UPL has consistently generated positive returns over the past year, indicating strong investor confidence relative to the overall market. The combination of high institutional ownership and a solid financial foundation suggests that while the stock may be facing short-term volatility, its long-term prospects remain favorable compared to broader market trends.