Why is Ajmera Realty falling/rising?

As of 06-Aug, Ajmera Realty & Infra India Ltd is experiencing a significant rise in its stock price, currently at 915.05, reflecting an increase of 84.85 or 10.22%. The stock has shown a trend reversal, gaining after seven consecutive days of decline. It opened with a gap up of 6.47% today and reached an intraday high of Rs 938, marking a 12.98% increase. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 21.91% compared to the five-day average. Over the past year, the stock has performed well, with a return of 30.93%, significantly outperforming the benchmark Sensex, which only increased by 2.48% in the same period.
In the broader market context, Ajmera Realty's short-term performance has been favorable compared to the Sensex, as it has gained 1.74% over the past week while the benchmark has declined by 1.15%. This indicates that the stock is not only rebounding from its recent lows but is also outperforming the market. However, it is important to note that the stock has a year-to-date decline of 15.22%, contrasting with the Sensex's gain of 3.08%, suggesting that while the current movement is positive, the stock has faced challenges earlier in the year. Overall, the recent surge in price can be attributed to a combination of a trend reversal and strong short-term performance relative to the market, despite some concerns regarding declining investor participation.