Why is Ashoka Buildcon falling/rising?

As of 16-Sep, Ashoka Buildcon Ltd. is experiencing a price increase, with its current price at Rs 191.85, reflecting a rise of 2.05 (1.08%). The stock has shown a positive performance today, having outperformed its sector by 0.42% and achieving a consecutive gain over the last two days, with a total return of 2.63% during this period. The stock reached an intraday high of Rs 193.8, and it is currently trading above its 5-day and 20-day moving averages, although it remains below its longer-term moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 83.25% compared to the 5-day average. Positive factors contributing to this upward movement include high management efficiency, a strong return on capital employed (ROCE) of 30.91%, and consistent positive results over the last six quarters, with a notable growth in profits.
In the broader market context, Ashoka Buildcon's short-term return of 3.34% over the past week significantly outpaces the Sensex, which has only increased by 1.58% during the same period. This indicates that the stock is performing well relative to the overall market. Despite a year-to-date decline of 38.37%, the company's strong fundamentals, including a healthy growth rate in net sales and operating profit, as well as a low debt-equity ratio, suggest that it may be undervalued compared to its peers. The high institutional holdings at 21.46% further support the stock's stability, as these investors typically have better resources to analyze company fundamentals.