Why is Ashiana Housing falling/rising?

As of 12-Nov, Ashiana Housing Ltd. is experiencing a rise in its stock price, currently at Rs 290.00, reflecting an increase of Rs 9.5 or 3.39%. The stock has shown a positive performance today, outperforming its sector by 3.94%, and has gained consecutively over the last two days, with a total return of 6.23% during this period. Despite a mixed performance over the past month and year, where it has seen declines of 1.68% and 6.45% respectively, the stock has performed well over the longer term, with a significant increase of 69.59% over the past three years and 259.13% over five years. The company has recently reported positive financial results, including substantial growth in profit before tax and profit after tax, which may have contributed to the recent uptick in stock price.
In the broader market context, Ashiana Housing's short-term return of 3.53% over the past week significantly outpaces the Sensex's return of 1.21% during the same period. However, it is important to note that the stock has underperformed the market over the past year, with a return of -6.45% compared to the Sensex's gain of 8.10%. The stock's valuation remains a concern, as it trades at a premium relative to its peers, and its return on equity is relatively low at 5.2%. While the company has a low debt-to-equity ratio and has recently reported strong cash reserves, the overall negative sentiment from its past performance may still weigh on investor confidence.