Why is Ashoka Buildcon falling/rising?

As of 18-Sep, Ashoka Buildcon Ltd. is experiencing a slight increase in its stock price, currently at 194.00, reflecting a change of 0.2 or 0.1% upward. The stock has shown a positive trend over the last four days, gaining 4.02% during this period, although it underperformed its sector by 0.3% today. In terms of returns, the stock has risen by 3.00% over the past week and 8.74% over the past month, while it has seen a significant decline of 37.68% year-to-date. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 30.91%, and it has reported positive results for the last six consecutive quarters, contributing to a favorable outlook despite its recent underperformance relative to the broader market.
In the broader market context, Ashoka Buildcon's short-term performance has outpaced the benchmark Sensex, which has only increased by 1.80% over the past week and 2.14% over the past month. This indicates that while the stock has been recovering recently, it still faces challenges given its year-to-date decline compared to the Sensex's positive return of 6.24%. The stock's liquidity is adequate, with a delivery volume increase of 52.36% against the five-day average, and high institutional holdings at 21.46% suggest confidence from more knowledgeable investors. Overall, the combination of recent gains, strong financial metrics, and rising investor participation contributes to the stock's upward movement, despite its longer-term struggles.