Why is Alpine Housing falling/rising?

As of 09-Jul, Alpine Housing Development Corporation Ltd is experiencing a price increase, currently at Rs 143.00, which reflects a rise of Rs 5.3 or 3.85%. The stock has shown strong performance today, outperforming its sector by 5.16% and achieving a consecutive gain over the last three days with a total return of 5.54%. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 3.44%, and it has demonstrated impressive returns of 26.94% over the last month and 30.00% year-to-date. Positive financial results, including a 36.23% growth in net sales and the highest operating profit margin, have contributed to this upward movement, alongside the fact that the majority shareholders are promoters, which often instills confidence in investors.
In the broader market context, Alpine Housing's short-term performance significantly outpaces the benchmark, with the stock's 1-week return of 3.44% compared to the Sensex's mere 0.15% increase. This trend of outperformance is consistent over longer periods as well, with the stock achieving a 149.56% return over the last three years compared to the Sensex's 53.33%. The rising investor participation, evidenced by a 27.03% increase in delivery volume, further supports the stock's positive momentum. Overall, the combination of strong financial results, consistent outperformance against benchmarks, and increased investor interest has contributed to the rising stock price of Alpine Housing Development Corporation Ltd.