Why is Alpine Housing falling/rising?

As of 24-Jun, Alpine Housing Development Corporation Ltd is experiencing a price increase, with its current price at Rs 134.85, reflecting a rise of Rs 2.45 or 1.85%. The stock has shown strong performance today, outperforming its sector by 1.51% and achieving a consecutive gain over the last three days, resulting in a total return of 23.72% during this period. It opened with a significant gain of 3.47% and reached an intraday high of Rs 139.5, indicating strong investor interest. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in delivery volume, which rose by 219.46% 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, further bolster investor confidence.
In the broader market context, Alpine Housing's short-term performance significantly outpaces the benchmark Sensex, with a 1-week return of 22.59% compared to the Sensex's 0.58%. This trend of strong returns is consistent over the past month and year-to-date, highlighting the stock's robust performance relative to the market. The company's majority shareholders being promoters may also contribute to stability and confidence in the stock, reinforcing its upward movement amidst a generally positive sentiment in the market.