Why is Alpine Housing falling/rising?

As of 12-Sep, Alpine Housing Development Corporation Ltd is experiencing a price increase, currently at Rs 136.00, reflecting a rise of 2.2 (1.64%). The stock has shown strong performance today, outperforming its sector by 1.54% and achieving a consecutive gain over the last two days with a total return of 4.06%. It opened with a significant gain of 3.77% and reached an intraday high of Rs 138.9. The stock has demonstrated impressive returns over various periods, including a 9.68% increase over the past week and a 23.64% rise year-to-date. Positive financial results over the last three quarters, including an 88.65% growth in PAT and a 40.16% increase in net sales, contribute to the stock's upward momentum, despite concerns regarding long-term fundamental strength and a relatively low return on capital employed.
In the broader market context, the stock's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 1.48% over the past week. While the stock has shown a decline of 1.56% over the past month, its year-to-date performance of 23.64% stands in stark contrast to the Sensex's 4.82% increase. This indicates that, despite some short-term fluctuations, Alpine Housing has been able to maintain a strong position relative to the market, supported by rising investor participation and liquidity. However, the stock's valuation concerns and weak long-term growth metrics may temper investor enthusiasm moving forward.