Why is Can Fin Homes falling/rising?

As of 20-Oct, Can Fin Homes Ltd. is experiencing a significant rise in its stock price, currently at Rs 838.60, reflecting an increase of Rs 37.55 or 4.69%. The stock has outperformed its sector today by 2.41%, reaching an intraday high of Rs 848, which is a 5.86% increase. Over the past week, the stock has gained 4.73%, and over the past month, it has risen by 8.40%. Despite a year-over-year decline of 2.80%, the company has shown strong recent performance, with net sales and operating profit reaching record highs in the latest quarter. Additionally, the stock's strong fundamentals, indicated by a robust return on equity of 16.81% and high institutional holdings at 36.39%, contribute positively to investor sentiment.
In the broader market context, Can Fin Homes has outperformed the Sensex, which has only increased by 2.47% over the past week. The finance and housing sector has also seen a gain of 2.43%, indicating a favorable environment for the stock. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 52.39% compared to the five-day average. Despite this, the stock's liquidity remains adequate for trading, and its fair valuation, trading at a premium compared to peers, suggests that investors are confident in its long-term growth potential.