Why is Ashoka Buildcon falling/rising?

As of 25-Aug, Ashoka Buildcon Ltd. is experiencing a price increase, with its current price at 183.25, reflecting a change of 0.95 or 0.52% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is performing in line with its sector, and its delivery volume has increased by 3.6% compared to the five-day average, indicating rising investor participation. Despite a one-month decline of 8.94% and a year-to-date drop of 41.13%, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 30.91% and consistent positive results over the last six quarters, which may contribute to the recent uptick in price.
In the broader market context, Ashoka Buildcon's one-week return of +2.72% significantly outperforms the Sensex's +0.45%, suggesting that the stock is gaining traction relative to the market. While the stock has underperformed over the longer term, with a one-year return of -21.13% compared to the Sensex's +0.68%, the company's strong financial metrics, including a low debt-equity ratio and high institutional holdings at 21.46%, indicate a solid foundation that may attract more investors. This combination of improving short-term performance and robust fundamentals could be driving the recent rise in the stock price.