Why is Zydus Wellness falling/rising?

As of 23-Oct, Zydus Wellness Ltd is experiencing a slight increase in its stock price, currently at 489.80, reflecting a change of 0.55 or 0.11% upward. The stock has shown a positive trend, gaining for the last three days with a total return of 6.35% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has demonstrated impressive performance over the past year, with a return of 32.55%, significantly outpacing the market's average return of 3.59%. However, there has been a notable decline in investor participation, with delivery volume dropping by 54.62% compared to the 5-day average.
In the broader market context, Zydus Wellness's performance has been robust, particularly when compared to the benchmark, as it has outperformed the Sensex over various time frames, including a 4.16% increase over the past week. The company's low debt-to-equity ratio and high institutional holdings at 22.19% suggest a solid financial foundation and confidence from larger investors. Positive operational results, such as the highest operating cash flow and significant growth in profit before tax, further support the stock's upward movement. Despite trading at a premium compared to its peers, the stock's fair valuation and consistent performance indicate a favorable outlook, contributing to its rising price.