Why is Ashoka Buildcon falling/rising?

As of 15-Sep, Ashoka Buildcon Ltd. is experiencing a price increase, with its current price at Rs 189.80, reflecting a rise of 3.3 or 1.77%. The stock has outperformed its sector by 1.09% today, reaching an intraday high of Rs 191.15. Over the past week, the stock has shown a return of +1.88%, and for the past month, it has increased by +6.90%. Despite a year-to-date decline of -39.03%, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 30.91%, consistent positive results over the last six quarters, and significant profit growth of 224.1% despite the stock's negative return over the past year. The stock is also 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 outpaced the Sensex, which has gained +1.24% over the same week. This indicates that the stock's recent rise is not solely due to overall market movements but also reflects its strong operational metrics and management efficiency. However, it is important to note that investor participation has been declining, as evidenced by a drop in delivery volume. Despite this, the stock's liquidity remains adequate for trading, and high institutional holdings suggest confidence from more knowledgeable investors, which could support its price stability moving forward.