Why is Voltas falling/rising?

As of 03-Jul, Voltas Ltd. is experiencing a rise in its stock price, currently at Rs 1,369.90, reflecting an increase of Rs 37.5 or 2.81%. The stock has been gaining for the last four days, with a total return of 4.84% during this period. Despite today's performance underperforming the sector by 0.82%, the stock has shown resilience with a 4.22% increase over the past week and an 11.51% rise over the past month. The company has reported positive financial results over the last four consecutive quarters, including a significant growth in profit before tax and a high return on capital employed, which supports its valuation and attractiveness to investors. Additionally, the stock is trading at a discount compared to its peers, and high institutional holdings indicate confidence in the company's fundamentals.
In the broader market context, while Voltas has outperformed the Sensex by 4.84% over the last week, it has underperformed on a year-to-date basis, with a decline of 23.46% compared to the Sensex's gain of 6.53%. The air conditioning sector, in which Voltas operates, has gained by 3.72%, indicating a positive trend in the industry. However, a notable decline in investor participation, with a 45.38% drop in delivery volume, suggests a potential concern regarding liquidity and market interest. Overall, while the stock is currently rising, the mixed performance against the benchmark and sector highlights the need for cautious optimism.