Why is Zydus Wellness falling/rising?

As of 02-Sep, Zydus Wellness Ltd is experiencing a price increase, currently at Rs 2,232.50, reflecting a rise of Rs 16.45 or 0.74%. The stock has shown strong performance recently, gaining 10.93% over the last two days and is only 4.95% away from its 52-week high of Rs 2,342.90. It is trading above all its moving averages, indicating a positive trend. Additionally, the stock has seen a significant increase in delivery volume, which rose by 1021.94% against the 5-day average, suggesting heightened investor interest. The company also boasts a low debt-to-equity ratio and has reported strong operating cash flow and profit growth, contributing to a favorable outlook despite trading at a premium compared to peers.
In the broader market context, Zydus Wellness has outperformed the benchmark Sensex, which has declined by 0.78% over the past week, while the stock has risen by 10.59%. This trend of outperformance is consistent over the past month and year-to-date, where Zydus has recorded returns of 8.33% and 14.95%, respectively, compared to the Sensex's negative returns. The high institutional holdings at 22.54% further support the stock's stability, as these investors typically have better resources to assess the company's fundamentals. Overall, the combination of strong recent performance, positive financial indicators, and favorable investor sentiment has contributed to the stock's upward movement.