Why is Alpine Housing falling/rising?

As of 07-Jul, Alpine Housing Development Corporation Ltd is experiencing a price increase, with its current price at Rs 136.75, reflecting a rise of 1.25 (0.92%). The stock has shown a trend reversal after four consecutive days of decline, indicating a potential recovery. Despite touching an intraday low of Rs 130.7 earlier in the day, the stock has outperformed its sector by 1.02%. Over the past week, the stock has seen a decline of 2.32%, but it has performed well over the last month with a gain of 21.07%. Positive financial results, including a 36.23% growth in net sales over the last six months and the highest operating profit to net sales ratio, contribute to a favorable outlook for the stock, despite a significant drop in investor participation.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 2.32% over the past week while the Sensex has only decreased by 0.20%. However, the stock has significantly outperformed the benchmark over longer periods, with a year-to-date return of 24.32% compared to the Sensex's 6.79%. This indicates that while the stock may be facing short-term challenges, its overall performance remains strong, supported by solid financial results and a majority stake held by promoters.