Why is Citadel Realty falling/rising?

As of 17-Jul, Citadel Realty & Developers Ltd is experiencing a significant rise in its stock price, currently at 81.30, reflecting an increase of 5.55 or 7.33%. The stock has shown strong performance today, outperforming its sector by 9.92% and has been on a consecutive gain streak for the last three days, accumulating a total return of 33.3% during this period. Additionally, the stock opened with a gap up of 5.61% and reached an intraday high of Rs 83.99, indicating robust investor interest. Over the past year, Citadel Realty has delivered impressive returns of 119.73%, significantly outperforming the BSE500 index. The recent increase in promoter confidence, with a 1.74% rise in their stake, suggests a positive outlook for the company's future, despite some concerns regarding its long-term fundamental strength.
In the broader market context, Citadel Realty's short-term performance stands in stark contrast to the benchmark, as it has gained 30.08% over the past week while the Sensex has declined by 1.12%. This divergence highlights the stock's strong momentum amidst a generally weaker market environment. The company's consistent returns over the last three years further bolster its appeal, although it faces challenges such as a high Debt to EBITDA ratio and a relatively low Return on Capital Employed (ROCE). Despite these negative factors, the stock's current upward trajectory is supported by rising investor participation and favorable trading conditions, indicating a strong market sentiment towards Citadel Realty at this time.