Why is Ahluwalia Contr. falling/rising?

As of 17-Sep, Ahluwalia Contracts (India) Ltd is experiencing a price increase, currently at Rs 984.00, reflecting a rise of 32.0 points or 3.36%. The stock has shown strong performance today, outperforming its sector by 2.99% and has gained consecutively over the last two days, accumulating a total return of 5.84% in this period. It opened with a gap up of 3.46% and reached an intraday high of Rs 986.15. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 272.22% compared to the 5-day average. The company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 26.13%. Positive financial results from June, including substantial growth in profit before tax and profit after tax, further support the stock's upward movement.
In the broader market context, Ahluwalia Contracts has outperformed the Sensex in the short term, with a 1-week return of 3.87% compared to the Sensex's 1.56%. While the stock has underperformed on a year-to-date basis with a decline of 3.69% against the Sensex's gain of 5.83%, its strong recent performance and high institutional holdings at 36.69% suggest confidence from larger investors. This institutional backing, combined with the company's solid fundamentals and growth potential, contributes to a favorable outlook for the stock despite its previous underperformance over the past year.