Why is Vadilal Inds. falling/rising?

As of 28-Aug, Vadilal Industries Ltd is experiencing a price increase, currently at Rs 5,091.00, reflecting a rise of Rs 163.25 or 3.31%. The stock has shown a positive performance today, outperforming its sector by 4.24% and achieving consecutive gains over the last two days with a total return of 3.5%. Despite opening lower with a loss of 2.36%, it reached an intraday high of Rs 5,210.25. Over the past week, the stock has gained 1.21%, while its year-to-date performance stands at an impressive 27.91%. The company benefits from a low debt-to-equity ratio of 0.42 and strong long-term growth, with net sales increasing at an annual rate of 25.31%. However, it has faced challenges with a decline in profits over the past year, which may temper investor enthusiasm.
In the broader market context, while the stock has generated a return of 22.21% over the past year, the benchmark Sensex has declined by 2.08%, indicating that Vadilal Industries has significantly outperformed the market. The stock's recent gains can be attributed to increasing participation from institutional investors, who have raised their stake by 0.52% in the last quarter, suggesting confidence in the company's fundamentals. Despite the overall market's negative performance, Vadilal Industries' ability to deliver positive returns highlights its resilience and attractiveness compared to its peers, which may be contributing to the upward pressure on its stock price.