Why is Va Tech Wabag falling/rising?

As of 29-Jul, Va Tech Wabag Ltd is experiencing a price increase, currently at 1,599.65, which reflects a rise of 15.65 or 0.99%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 0.73% today, and the delivery volume has significantly decreased by 46.37% compared to the 5-day average, indicating a drop in investor participation. Despite this, the stock is trading above its moving averages across various time frames, and it has delivered a strong performance over the past year, with a return of 21.17%, outperforming the BSE500 in each of the last three annual periods. The company also boasts a low debt-to-equity ratio and high institutional holdings, which have increased by 0.72% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, Va Tech Wabag's short-term performance of +1.03% over the past week contrasts with the Sensex, which has declined by 1.03% during the same period. This indicates that while the stock is rising, it is doing so against a backdrop of a declining market. Over the past month, the stock has gained 7.48%, while the Sensex has fallen by 3.24%, further highlighting its relative strength. Overall, the combination of strong fundamentals, high institutional interest, and recent positive performance metrics contributes to the stock's upward movement, despite some short-term challenges in investor participation.