Why is Zydus Wellness falling/rising?

As of 24-Sep, Zydus Wellness Ltd's stock price is rising, currently at Rs 485.60, reflecting an increase of Rs 11.65 or 2.46%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it reached an intraday high of Rs 488.5. Despite a recent drop of 5.86% over the past week, the stock has performed well over the past month with a return of 23.76%. The company has demonstrated strong financial performance, including a low debt-to-equity ratio and significant growth in operating cash flow and profit before tax, which supports its upward movement. However, there has been a decline in investor participation, with delivery volume dropping by 17.1% against the five-day average.
In the broader market context, Zydus Wellness has outperformed the benchmark Sensex, which has only declined by 1.18% over the past week. The stock's year-to-date return of 25.02% significantly surpasses the Sensex's 4.58%, indicating strong relative performance. Additionally, high institutional holdings at 22.54% suggest that knowledgeable investors are backing the stock, further contributing to its resilience in a challenging market environment. Overall, the combination of positive financial indicators and relative outperformance against the benchmark has led to the stock's recent rise.