Why is UPL falling/rising?

As of 22-Jul, UPL Ltd. is experiencing a price increase, currently at 722.95, reflecting a rise of 9.05 (1.27%). The stock has recently hit a new 52-week high of Rs. 730.3 and has outperformed its sector by 1.6%. Over the past week, UPL has gained 7.30%, and in the last month, it has risen by 14.10%. The stock has shown strong performance with a consecutive gain over the last two days, yielding a total return of 5.17%. Additionally, UPL is trading above all its moving averages, indicating positive momentum. The company has reported significant growth in operating profit and has consistently declared positive results over the last two quarters, which has contributed to its strong buy sentiment. However, it faces risks due to a high Debt to EBITDA ratio of 2.67 times, indicating a low ability to service debt.
In the broader market context, UPL's performance stands out as it has generated a return of 32.53% over the past year, significantly outperforming the market benchmark, which has only returned 0.99%. This strong performance is further supported by high institutional holdings at 55.77%, suggesting confidence from larger investors. Despite the positive short-term performance, the company has shown poor long-term growth with an annual operating profit growth rate of just 1.29% over the last five years. Overall, UPL's recent price rise can be attributed to strong operational results and positive market sentiment, despite underlying risks related to debt management.