Why is Voltas falling/rising?

As of 21-Jul, Voltas Ltd. is currently priced at 1,384.30, reflecting an increase of 8.9, or 0.65%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 0.93%. In the past week, Voltas has increased by 0.57%, while over the last month, it has risen by 7.11%. Despite a year-to-date decline of 22.66%, the company has reported positive results for the last four consecutive quarters, with a significant growth in profit before tax and a high return on capital employed. The stock is trading at a discount compared to its peers, supported by high institutional holdings at 55.17%, indicating strong confidence from knowledgeable investors.
In the broader market context, the Sensex has seen a slight decline of 0.06% over the past week, while Voltas has managed to outperform this benchmark. The stock's performance is particularly notable given that it has outperformed the Sensex by 7.11% over the past month, contrasting with the benchmark's decline of 0.25%. This relative strength suggests that Voltas is gaining traction despite broader market challenges, likely driven by its solid financial performance and favorable valuation metrics.