Why is Ashoka Buildcon falling/rising?

As of 19-Sep, Ashoka Buildcon Ltd. is experiencing a price increase, currently at 195.90, reflecting a rise of 1.9 (0.98%). The stock has shown a positive performance today, outperforming its sector by 1.67%, and has been on a gaining streak for the last five days, with a total return of 5.04% during this period. The stock's delivery volume has also increased significantly, indicating rising investor participation. Despite a year-to-date decline of 37.07%, 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, which may contribute to the recent upward movement.
In the broader market context, Ashoka Buildcon's short-term performance of +5.04% over the past week significantly outpaces the Sensex's return of +0.88%. This suggests that the stock is gaining traction relative to the market. The company's healthy long-term growth metrics, such as a 15.19% annual growth rate in net sales and a low debt-equity ratio of 0.51 times, further support its valuation, which is attractive compared to peers. The high institutional ownership at 21.46% indicates confidence from more sophisticated investors, which may also bolster the stock's performance in the current market environment.