Why is UPL falling/rising?

As of 07-Aug, UPL Ltd. is experiencing a slight increase in its stock price, currently at 705.85, reflecting a change of 0.5 (0.07%) upward. The stock is trading close to its 52-week high, being only 4.24% away from Rs 735.75, and has outperformed its sector by 1.82% today. UPL has shown strong performance over the past month with a return of +3.93%, while its year-to-date return stands at an impressive +40.61%. Positive factors contributing to this rise include the company's consistent positive results over the last three quarters, a high operating cash flow, and a significant increase in profits, which have risen by 200.6% over the past year. Additionally, UPL's attractive valuation compared to peers and high institutional holdings at 55.92% bolster investor confidence. However, the stock faces risks due to a high Debt to EBITDA ratio and low long-term growth prospects.
In the broader market context, UPL's performance stands out as it has generated a return of 29.32% over the past year, significantly outperforming the benchmark, which has seen negative returns of -1.34%. This contrast highlights UPL's resilience and ability to attract investor interest despite broader market challenges. While the stock's liquidity remains adequate for trading, a decline in delivery volume suggests a potential decrease in investor participation, which could impact future price movements. Overall, UPL's strong fundamentals and market position contribute positively to its current price rise amidst a challenging market environment.