Why is VRL Logistics falling/rising?

As of 17-Jul, VRL Logistics Ltd's stock price is rising, currently at 644.05, reflecting an increase of 14.05 or 2.23%. The stock has recently hit a new 52-week high of Rs.649.55 and has been on an upward trend, gaining 6.72% over the last six days. It has outperformed its sector by 1.68% today and is trading above all key moving averages, indicating strong momentum. The company has reported positive financial results, including a 24.96% growth in net profit and consistent positive results over the last three quarters, which has contributed to its attractive valuation and high institutional holdings at 28.54%. However, there are concerns regarding long-term growth due to slower net sales growth of 8.33% annually over the past five years.
In the broader market context, VRL Logistics has significantly outperformed the benchmark, with a 1-week return of +6.05% compared to the Sensex's -1.12%, and a year-to-date return of +27.91% against the benchmark's +5.27%. This strong performance highlights the stock's resilience and appeal to investors, particularly in light of its recent financial successes and attractive valuation metrics. Despite a decline in delivery volume, the stock's liquidity remains sufficient for trading, further supporting its upward price movement.