Why is Welspun Corp falling/rising?

As of 31-Oct, Welspun Corp Ltd. is experiencing a rise in its stock price, currently at Rs 961.90, reflecting an increase of Rs 35.85 or 3.87%. The stock has shown strong performance recently, gaining 15.18% over the past week and 12.44% over the last month, significantly outperforming the Sensex, which has seen a decline of 0.32% in the same week. Today's trading session saw the stock open with a gain of 2.31% and reach an intraday high of Rs 985.2, indicating strong investor interest. The company has also demonstrated consistent positive results over the last four quarters, with a notable growth in profit before tax and operating profit, contributing to its attractive valuation and low debt profile.
In the broader market context, while the Sensex has increased by 3.65% over the past month, Welspun Corp's performance has outstripped this benchmark, showcasing its resilience and strong fundamentals. The stock's high institutional holdings at 32.68% suggest confidence from knowledgeable investors, further supporting its upward trajectory. Additionally, the stock's consistent returns over the past three years, including a remarkable 332.80% increase over three years, highlight its strong long-term potential compared to the broader market, which has only seen a 38.18% increase in the same period.