Why is Ahluwalia Contr. falling/rising?

As of 18-Nov, Ahluwalia Contracts (India) Ltd is experiencing a price increase, currently at 1,055.45, reflecting a rise of 74.2 points or 7.56%. The stock has shown strong performance today, outperforming its sector by 8.17%, and has gained for the last three consecutive days, accumulating a total return of 20.12% during this period. The stock reached an intraday high of Rs 1076.6, indicating significant investor interest, while also demonstrating a wide trading range of Rs 117.35. The stock is trading above all key moving averages, and there has been a notable increase in delivery volume, suggesting rising investor participation and liquidity. Positive financial results, including a 106.26% growth in net profit and consistent performance over the last three quarters, have contributed to the stock's upward movement, alongside a favorable debt-to-equity ratio and strong institutional holdings.
In the broader market context, Ahluwalia Contracts has significantly outperformed the benchmark Sensex, which has only increased by 0.96% over the past week, while the stock itself has surged by 20.28% in the same timeframe. This stark contrast highlights the stock's strong momentum relative to the overall market. Additionally, the company's healthy long-term growth prospects, as evidenced by a 31.29% annual growth rate in operating profit and a PEG ratio of 0.8, further support its rising stock price. Overall, the combination of robust financial performance, positive investor sentiment, and strong market positioning has driven the stock's recent gains.