Why is A B Infrabuild falling/rising?

As of 11-Jul, A B Infrabuild Ltd's stock price is currently at Rs 170.00, reflecting an increase of Rs 0.85 or 0.5%. The stock has shown a positive trend, gaining 1.80% over the past week and an impressive 14.32% over the past month, significantly outperforming the Sensex, which has declined by 1.12% in the same week and remained flat over the month. Today's performance indicates that the stock is close to its 52-week high, just 2% away from Rs 173.4, and has reversed a two-day decline. Additionally, the stock's delivery volume has surged by 72.33% compared to the five-day average, suggesting increased investor interest. The company's strong financial health, characterized by a low Debt to EBITDA ratio of 0.66 times and robust growth in net sales and operating profit, further supports the positive movement in the stock price.
In the broader market context, A B Infrabuild's recent performance stands in stark contrast to the Sensex, which has only gained 5.58% year-to-date compared to the stock's remarkable 73.47% increase. This significant outperformance highlights the company's strong fundamentals and investor confidence, particularly following its positive quarterly results and consistent growth in sales and profits. However, it is worth noting that the stock's valuation appears expensive, with a ROCE of 19.6 and an enterprise value to capital employed ratio of 7.9, which could pose risks if market conditions shift. Overall, the combination of strong financial results and rising investor participation has contributed to the stock's upward momentum.