Why is Voltas falling/rising?

As of 23-Jul, Voltas Ltd. is experiencing a price increase, currently at 1,367.40, reflecting a rise of 10.4 or 0.77%. Today's price summary indicates that the stock has outperformed its sector by 0.72%, with a notable increase in delivery volume, which rose by 24.25% compared to the 5-day average. Despite a recent 1-week decline of 2.16%, the stock has shown a positive return of 5.68% over the past month. The company has demonstrated strong financial performance, with positive results for the last four consecutive quarters, including a significant growth in profit before tax and a high return on capital employed. Additionally, the stock is trading at a discount compared to its peers, supported by high institutional holdings of 55.17%, which may contribute to increased investor confidence.
In the broader market context, while Voltas has underperformed the benchmark Sensex over the year with a return of -7.65% compared to the Sensex's +2.86%, it has outperformed in the shorter term with a 5.68% increase over the past month against the Sensex's 1.01%. This suggests that, despite the longer-term challenges, recent positive financial results and increased investor participation may be driving the stock's current upward movement. The liquidity of the stock is also favorable, indicating that it is sufficiently liquid for trading, which can further support its price stability and growth.