Why is UPL falling/rising?

As of 12-Nov, UPL Ltd. is experiencing a price increase, currently at Rs. 760.25, reflecting a rise of 7.7 points or 1.02%. The stock has recently hit a new 52-week high of Rs. 767.75 and has been on a consecutive gain streak for the past seven days, accumulating a total return of 5.56% during this period. In terms of performance, UPL has outperformed its sector by 2.42% today. Over the past week, the stock has shown a return of 3.96%, and over the last month, it has increased by 11.74%, significantly outpacing the benchmark Sensex, which has only risen by 1.21% in the same timeframe. The company's strong financial results, including substantial growth in profit before tax and profit after tax, as well as high institutional holdings, contribute positively to its recent upward movement.
Broader market context indicates that UPL's performance has been notably strong compared to the broader market, with a one-year return of 44.21% against the BSE500's 6.33%. This strong performance is supported by the company's attractive valuation metrics and a low PEG ratio, suggesting that the stock is undervalued relative to its earnings growth. However, there are concerns regarding the company's high debt levels, which may impact its long-term growth potential. Despite these risks, the overall market sentiment appears favorable for UPL, as evidenced by its significant market capitalization and dominant position within its sector.