Why is UPL falling/rising?

As of 04-Aug, UPL Ltd. is experiencing a price increase, currently at Rs 711.90, which reflects a rise of Rs 46.75 or 7.03%. Today's performance indicates a positive trend as the stock has outperformed its sector by 5.6% and has gained after four consecutive days of decline. The stock is also close to its 52-week high, being just 3.35% away from Rs 735.75. Over the past month, UPL has shown a return of 4.55%, contrasting with the Sensex's decline of 2.89%. The company has demonstrated strong financial performance, with positive results over the last three quarters, including a significant increase in profits and a favorable PEG ratio of 0.2, indicating attractive valuation compared to peers.
In the broader market context, while the stock has generated a return of 32.40% over the past year, the benchmark BSE500 has seen negative returns of -2.34%, highlighting UPL's strong market-beating performance. This resilience is further supported by high institutional holdings at 55.92%, suggesting confidence from knowledgeable investors. However, the company faces risks, including a high Debt to EBITDA ratio of 2.67 times, which indicates potential challenges in servicing debt. Despite these risks, the stock's recent upward movement can be attributed to its solid financial results and improved investor participation, positioning it favorably within its sector.