Why is A B Infrabuild falling/rising?

As of 26-Jun, A B Infrabuild Ltd's stock price is rising, currently at Rs. 160.90, reflecting an increase of Rs. 4.55 or 2.91%. The stock has recently hit a new 52-week high of Rs. 161.95 and has outperformed its sector by 3%. Over the past week, it has gained 8.35%, and in the last month, it has risen by 20.98%. The company has shown strong financial performance, with net sales growing at an annual rate of 26.80% and operating profit at 31.59%. Despite a significant drop in delivery volume, the stock's ability to service debt is strong, as indicated by a low Debt to EBITDA ratio of 0.66 times, which supports its upward price movement.
In the broader market context, A B Infrabuild's short-term performance has significantly outpaced the benchmark Sensex, which has increased by only 2.94% over the same week. The stock's year-to-date return of 64.18% also stands in stark contrast to the Sensex's 7.19% increase, highlighting its strong market position. However, the stock's valuation appears expensive with a high enterprise value to capital employed ratio, which could pose risks if not managed properly. Overall, the combination of strong financial results and positive market sentiment has contributed to the stock's rising price.