Why is Ashoka Buildcon falling/rising?

As of 01-Sep, Ashoka Buildcon Ltd. is experiencing a price increase, currently at Rs 184.50, reflecting a rise of Rs 11.5 or 6.65%. Today's price summary indicates that the stock has outperformed its sector by 5.92% and has shown a trend reversal after three consecutive days of decline, reaching an intraday high of Rs 185.85. Despite a negative performance over the past month and year-to-date, where the stock has decreased by 6.70% and 40.73% respectively, it has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 30.91% and significant growth in net sales and operating profit. The company has also reported positive results for the last six quarters, with a notable increase in profit after tax (PAT) and a low debt-equity ratio, contributing to a favorable valuation compared to peers.
In the broader market context, Ashoka Buildcon's short-term return of +0.68% over the past week contrasts with the Sensex, which has declined by 1.56% during the same period. This suggests that the stock is gaining traction despite broader market challenges. The rising investor participation, indicated by an increase in delivery volume, further supports the stock's upward movement. Additionally, high institutional holdings at 21.46% reflect confidence from more sophisticated investors, which may positively influence retail investor sentiment. Overall, while the stock has faced significant declines over the longer term, its recent performance and strong fundamentals suggest a potential recovery phase.