Why is Ahluwalia Contr. falling/rising?

As of 13-Aug, Ahluwalia Contracts (India) Ltd is experiencing a price increase, currently at Rs 962.80, reflecting a rise of 18.8 points or 1.99%. Today, the stock opened with a gain of 2.22% and reached an intraday high of Rs 987.1, indicating positive momentum. However, despite this day's performance, the stock has underperformed in the longer term, with a 1-year return of -27.23% compared to the Sensex's gain of 2.01%. The company recently reported positive results after three consecutive negative quarters, showcasing a significant operating profit to interest ratio and high net sales, which may have contributed to the current uptick in price. However, the stock's long-term growth prospects remain a concern due to its poor performance over the past year and a decline in delivery volume.
In the broader market context, while the stock has shown a slight improvement today, it has still underperformed relative to the benchmark over the past week and month, with returns of -0.22% and -2.58%, respectively, compared to the Sensex's minimal decline. The stock's high institutional holdings at 36.69% suggest that informed investors are backing it, which could provide some stability. Nevertheless, the overall negative sentiment from the stock's significant decline over the past year, coupled with falling investor participation, indicates that while there may be short-term gains, the long-term outlook remains uncertain.