Why is Esaar (India) falling/rising?

As of 22-Jul, Esaar (India) Ltd's stock price is currently at Rs. 14.88, reflecting an increase of 0.29 or 1.99%. The stock has recently hit a new 52-week high and has been on a positive trajectory, gaining for the last three days with a total return of 6.13% in that period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company has shown positive financial results over the last three quarters, with net sales and profits increasing significantly, contributing to an attractive valuation with a Price to Book Value of 0.9. The stock's performance has outpaced the broader market, generating a 129.63% return over the past year compared to a mere 2.09% from the Sensex.
In the broader market context, Esaar (India) has demonstrated a remarkable short-term performance, outperforming the Sensex by 6.60% over the past week and 24.17% over the past month. This strong performance is further supported by rising investor participation, as indicated by an 18.1% increase in delivery volume compared to the 5-day average. The stock's liquidity is also favorable, allowing for sufficient trading activity. Overall, the combination of positive financial results, strong recent performance, and favorable market conditions has contributed to the stock's upward movement.