Why is Ashoka Buildcon falling/rising?

As of 20-Aug, Ashoka Buildcon Ltd. is experiencing a price increase, currently at Rs 185.10, which reflects a rise of 3.9 or 2.15%. The stock has shown positive momentum, having gained for the last three consecutive days with a total return of 4.25% during this period. It outperformed its sector by 2.03% today and reached an intraday high of Rs 185.95. Despite this recent uptick, the stock has a mixed performance over the longer term, with a 1-week return of +3.70% but a significant decline of -10.15% over the past month and -40.54% year-to-date. The company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 30.91%, consistent positive quarterly results, and a low debt-equity ratio of 0.51, which contribute to its attractive valuation compared to peers.
In the broader market context, Ashoka Buildcon's short-term performance has outpaced the Sensex, which has only gained 1.64% over the past week. However, the stock's year-to-date performance remains concerning, with a decline of -40.54% compared to the Sensex's increase of 4.76%. The stock's liquidity remains adequate for trading, but there has been a notable decrease in investor participation, with delivery volume falling by 26.55% against the 5-day average. This decline in participation may indicate caution among investors despite the company's strong management efficiency and growth prospects, which could be influencing the stock's recent price movements.