Why is Voltas falling/rising?

As of 17-Nov, Voltas Ltd. has experienced a price increase, currently trading at 1,378.55, reflecting a rise of 27.55 or 2.04%. The stock has shown positive momentum, gaining for the last four consecutive days with a total return of 5.71% during this period. It has outperformed its sector by 0.67% today and reached an intraday high of Rs 1,389.95. Despite a year-to-date decline of 22.98% and a one-year drop of 19.07%, the stock's recent performance is bolstered by rising investor participation, evidenced by a significant increase in delivery volume. Additionally, the company maintains a low debt-to-equity ratio and high institutional holdings, which have increased by 1.55% over the previous quarter, indicating confidence from larger investors.
In the broader market context, Voltas has outperformed the benchmark Sensex over the past week, with a return of 2.87% compared to the Sensex's 1.69%. However, the stock's longer-term performance remains concerning, as it has underperformed the market significantly over the past year, where the Sensex has gained 8.72%. The company has faced challenges, including a substantial decline in net sales and negative results in the last two quarters, which have contributed to its overall negative returns. Despite these issues, the recent upward movement in stock price suggests a potential recovery or correction phase, driven by increased investor interest and institutional confidence.