Why is Ashoka Buildcon falling/rising?

As of 02-Sep, Ashoka Buildcon Ltd. has seen its stock price rise to 190.05, reflecting an increase of 5.55 or 3.01%. The stock has outperformed its sector today by 2.82% and has experienced consecutive gains over the last two days, accumulating a total return of 9.86% during this period. Despite a year-to-date decline of 38.95%, 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, with a significant growth in profit after tax (PAT) of 94.03%. The stock is currently trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, Ashoka Buildcon's short-term performance has been notably stronger than the benchmark Sensex, which has declined by 0.78% over the past week while Ashoka Buildcon has gained 6.50%. This divergence suggests that investor sentiment towards Ashoka Buildcon is improving, likely driven by its strong management efficiency and healthy long-term growth prospects. Additionally, the rising investor participation, evidenced by a 133.35% increase in delivery volume, indicates growing confidence in the stock, further contributing to its recent price rise.