Why is Esaar (India) falling/rising?

As of 08-Jul, Esaar (India) Ltd's stock price is currently at Rs. 12.88, reflecting an increase of Rs. 0.18 or 1.42%. The stock has recently hit a new 52-week high of Rs. 12.94 and has outperformed its sector by 1.47%. It has shown a strong performance over the last two days, gaining 6.18% in that period. Additionally, the stock has demonstrated impressive returns over various time frames, including a 114.67% increase year-to-date and a 95.74% increase over the past year, significantly outperforming the broader market. The company has reported positive results for the last three consecutive quarters, with net sales and profits showing substantial growth, contributing to its attractive valuation.
In the broader market context, Esaar (India) has outperformed the benchmark Sensex, which has only seen a 0.02% increase over the past week, while Esaar's stock has risen by 4.46%. Despite a decline in investor participation, with delivery volume falling by 42.38% against the 5-day average, the stock remains liquid enough for trading. The company's strong financial performance, reflected in its high return on equity and significant profit growth, positions it favorably compared to its peers, further supporting its rising stock price amidst a generally stable market environment.