Why is Alpine Housing falling/rising?

As of 23-Jun, Alpine Housing Development Corporation Ltd is experiencing a price increase, currently at Rs 132.40, which reflects a rise of Rs 9.6 or 7.82%. The stock has shown strong performance today, outperforming its sector by 7.08% and has gained consecutively over the last two days, accumulating a total return of 21.06% in this period. It opened with a gap up of 3.83% and reached an intraday high of Rs 134.8, indicating robust trading activity. Furthermore, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 3419.51% against the 5-day average. Positive financial results, including a 36.23% growth in net sales over the last six months and the highest operating profit margin recorded, have likely contributed to the stock's upward movement.
In the broader market context, Alpine Housing's performance over the past week shows a return of 18.37%, significantly outperforming the Sensex, which only increased by 0.12%. This trend of strong returns is consistent over the past month and year-to-date, where Alpine Housing has achieved returns of 17.38% and 20.36%, respectively, compared to the Sensex's modest gains. The substantial outperformance in both short-term and long-term metrics suggests that investor sentiment is favorable towards Alpine Housing, likely driven by its solid financial results and the backing of majority shareholders, which reinforces confidence in the company's stability and growth potential.