Why is Ashoka Buildcon falling/rising?

As of 17-Sep, Ashoka Buildcon Ltd. is experiencing a price increase, currently at 193.80, reflecting a change of 1.95 or 1.02% upward. The stock has shown strong performance recently, outperforming its sector by 0.79% today and achieving a consecutive gain over the last three days with a total return of 3.91%. In terms of returns, the stock has increased by 4.47% over the past week and 9.15% over the past month, while it has underperformed on a year-to-date basis with a decline of 37.74%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 30.91%, and it has reported positive results for the last six consecutive quarters, with a significant growth in profit after tax of 94.03% in the latest six months.
In the broader market context, Ashoka Buildcon's short-term performance is notably stronger than the benchmark Sensex, which has only increased by 1.56% over the past week and 2.60% over the past month. This indicates that the stock is gaining traction amidst a generally stable market environment. The rising investor participation, evidenced by a 23.39% increase in delivery volume, along with a favorable debt-equity ratio of 0.51 times, suggests that investors are increasingly confident in the company's growth potential. Despite a negative year-to-date return, the stock's attractive valuation compared to peers and high institutional holdings at 21.46% further support its recent upward movement.