Why is VRL Logistics falling/rising?

As of 16-Jul, VRL Logistics Ltd's stock price is currently at 630.00, reflecting an increase of 5.3 (0.85%). The stock has recently hit a new 52-week high of Rs.631.15 and has been on a positive trajectory, gaining 4.39% over the past week and outperforming its sector by 0.66%. The company has shown strong financial performance, with a net profit growth of 24.96% and positive results for the last three consecutive quarters. Additionally, the stock is trading above its moving averages and has a favorable valuation compared to its peers, supported by high institutional holdings at 28.54%. However, there are concerns regarding long-term growth, as net sales have only grown at an annual rate of 8.33% over the past five years.
In the broader market context, VRL Logistics has significantly outperformed the benchmark Sensex, which has declined by 1.08% over the past week, while VRL has risen by 4.39%. This divergence indicates strong investor confidence in VRL Logistics amidst a generally challenging market environment. Despite a decrease in delivery volume by 31.56% against the five-day average, the stock's liquidity remains sufficient for trading, suggesting that investor interest is still present. Overall, the combination of strong recent performance and favorable financial metrics has contributed to the stock's upward movement.