Why is Ahluwalia Contr. falling/rising?

As of 17-Nov, Ahluwalia Contracts (India) Ltd is experiencing a significant rise in its stock price, currently at 982.90, reflecting an increase of 100.6 or 11.4%. The stock has outperformed its sector by 10.06% today and has shown consecutive gains over the last two days, accumulating a total return of 11.6% in this period. It opened with a notable gap up of 16.62% and reached an intraday high of Rs 1028.9. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 22.47% against the 5-day average. The stock is trading above all key moving averages, indicating a strong upward trend. Additionally, the company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 26.13%. The recent positive financial results, including significant 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 benchmark Sensex over the past week, with a return of 11.97% compared to the Sensex's 1.69%. However, the stock has underperformed on a year-to-date basis, with a decline of 3.79% against the Sensex's gain of 8.72%. The high institutional holdings at 36.66% suggest that informed investors are confident in the company's fundamentals, which may contribute to the stock's recent rally. Overall, while the stock is currently rising, it is essential to consider the mixed performance over longer periods and the recent drop in trading volume, which could indicate potential volatility ahead.