Why is Voltas falling/rising?

As of 08-Jul, Voltas Ltd. has experienced a slight increase in its stock price, currently at 1,372.00, reflecting a change of 4.1 (0.3%) upward. The stock has outperformed its sector today by 0.47% and has shown a consecutive gain over the last two days, rising by 0.64% during this period. In the past week, Voltas has returned +3.47%, significantly outperforming the Sensex, which only saw a +0.02% change. Despite this recent positive movement, the stock has a year-to-date decline of -23.34% and a one-year return of -5.90%. The company has reported strong financial performance, with a 333.74% growth in PAT over the last six months and a high ROCE of 16.92%. However, the delivery volume has decreased by 55.85% compared to the five-day average, indicating a potential decline in investor participation.
In the broader market context, Voltas' short-term return of +3.47% over the past week stands in stark contrast to the Sensex's minimal gain of +0.02%, highlighting the stock's relative strength in the current market environment. The stock's performance is further supported by high institutional holdings at 55.17%, suggesting confidence from larger investors who are typically more adept at analyzing company fundamentals. Despite the stock trading at a discount compared to its peers and having a favorable PEG ratio of 0.2, the overall year-to-date performance indicates challenges that may be affecting investor sentiment. The combination of strong financial results and recent price gains suggests a cautious optimism, but the declining delivery volume could signal potential volatility ahead.