Why is Ashiana Housing falling/rising?

As of 22-Sep, Ashiana Housing Ltd. is experiencing a price increase, currently at 312.00, reflecting a change of 2.75 (0.89%) upward. Today's price summary indicates that the stock has outperformed its sector by 0.96% and has shown a trend reversal after two consecutive days of decline. The stock's performance over the past week has been positive at +0.65%, although it has underperformed over the past month at +0.06%. Notably, the company has reported strong financial results, with significant growth in profit before tax and profit after tax, alongside a healthy cash position. However, it is important to note that the stock has a low return on equity and is trading at a premium compared to its peers, which may raise concerns among investors.
In the broader market context, Ashiana Housing's short-term return of +0.65% over the past week has outperformed the benchmark Sensex, which has increased by +0.46% during the same period. Despite this positive short-term performance, the stock has a year-to-date return of -10.22%, contrasting with the Sensex's gain of +5.15%. This indicates that while the stock is currently rising, it has struggled significantly over the longer term, with a decline of -8.69% over the past year compared to the benchmark's -2.82%. The rising investor participation and liquidity may suggest a renewed interest in the stock, but the overall negative trends in profitability and valuation could temper future growth expectations.