Why is Ashoka Buildcon falling/rising?

As of 24-Sep, Ashoka Buildcon Ltd. has experienced a price increase, currently trading at 193.95, reflecting a change of 0.75 or 0.39% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. In today's performance, it outperformed its sector by 0.62%. Despite a recent drop in investor participation, with delivery volume falling by 1.37% against the 5-day average, the stock remains liquid enough for trading. Over the past week, Ashoka Buildcon has seen a modest return of +0.08%, contrasting with the Sensex's decline of -1.18%. However, the stock's year-to-date performance remains negative at -37.70%, while its long-term growth indicators, such as a high return on capital employed (ROCE) of 30.91% and consistent positive results over the last six quarters, suggest underlying strength.
In the broader market context, Ashoka Buildcon's short-term return of +0.08% over the past week stands in stark contrast to the Sensex's decline, indicating a relative strength in the stock despite broader market challenges. The company's healthy long-term growth, with net sales increasing at an annual rate of 15.19% and operating profit at 17.65%, supports its valuation, which is attractive compared to peers. Additionally, high institutional holdings at 21.46% suggest confidence from more knowledgeable investors, which may contribute to the stock's recent upward movement. Overall, while the stock has faced significant declines year-to-date and over the past year, its strong fundamentals and recent performance indicate a potential for recovery.