Why is UPL falling/rising?

As of 20-Aug, UPL Ltd. is experiencing a price increase, currently at Rs 713.80, reflecting a rise of 7.75 (1.1%). The stock has shown strong performance recently, gaining 4.66% over the last three days and is currently trading close to its 52-week high, just 2.9% away from Rs 735.75. UPL has outperformed its sector by 0.53% today and is trading above all its key moving averages. The stock has also seen a significant increase in investor participation, with delivery volume rising by 27.54% compared to the five-day average. Positive financial results over the last three quarters, including a substantial increase in profits and a favorable PEG ratio of 0.2, contribute to its attractiveness. However, the company faces risks due to a high Debt to EBITDA ratio of 2.67 times and low long-term growth prospects.
In the broader market context, UPL's short-term return of 4.16% over the past week significantly outpaces the Sensex's return of 1.64% during the same period. While the overall market has struggled, with the BSE500 showing negative returns of -1.20% over the last year, UPL has managed to generate a return of 26.12%, indicating strong relative performance. This resilience, combined with high institutional holdings at 55.92%, suggests that informed investors are confident in UPL's fundamentals, further supporting its recent price rise.