Why is Ahluwalia Contr. falling/rising?

As of 15-Jul, Ahluwalia Contracts (India) Ltd is experiencing a significant rise in its stock price, currently at Rs 1,116.50, reflecting an increase of Rs 78.2 or 7.53%. The stock has outperformed its sector by 7.21% today and has shown a consecutive gain over the last two days, with a total return of 13.02% during this period. It reached an intraday high of Rs 1,125.8, indicating strong investor interest. Additionally, the stock has been trading above its moving averages across various time frames, and there has been a notable increase in delivery volume, which rose by 286.18% compared to the 5-day average. The company has also recently reported positive financial results, marking a turnaround after three consecutive negative quarters, which has likely boosted investor confidence.
In the broader market context, the stock has significantly outperformed the benchmark Sensex over the past week and month, with returns of +17.77% and +21.59%, respectively, while the Sensex has declined by -1.36% and gained only +1.79%. Despite a challenging year where the stock has underperformed with a -23.00% return compared to the market's +2.36%, the high institutional holdings at 36.69% suggest that informed investors are backing the stock, which may contribute to its recent upward momentum. However, it is important to note that the company has faced poor long-term growth, with operating profit growth at an annual rate of only 19.56% over the last five years, which could pose risks for future performance.