Why is Atal Realtech falling/rising?

As of 13-Jun, Atal Realtech Ltd's stock price is rising, currently at Rs 19.28, reflecting an increase of Rs 0.91 or 4.95%. The stock has recently hit a new 52-week high of Rs 19.57 and has outperformed its sector by 5.51%. Over the past week, the stock has shown a remarkable return of 16.14%, and in the last month, it has surged by 31.42%. Additionally, the company has demonstrated strong financial performance, with net sales growing by 106.17% and profit after tax increasing by 74.35% over the last nine months. The low debt-to-equity ratio and positive results for three consecutive quarters have likely contributed to investor confidence, despite a recent decline in delivery volume.
Broader market context indicates that while Atal Realtech has been performing exceptionally well, the benchmark Sensex has seen a slight decline of 1.30% over the past week. The stock's year-to-date return of 48.19% significantly outpaces the Sensex's 3.81% increase, highlighting its strong market-beating performance. Furthermore, the increasing participation of institutional investors, who have raised their stake in the company, suggests a positive outlook from more sophisticated market players, which may further bolster the stock's upward trajectory.