Why is Esaar (India) falling/rising?

As of 24-Jul, Esaar (India) Ltd's stock price is rising, currently at Rs. 15.47, reflecting an increase of 0.3 (1.98%). The stock has reached a new 52-week high today and has outperformed its sector by 2.72%. It has been on a consecutive gain streak for the last five days, with a notable return of 10.34% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported positive results for the last three consecutive quarters, with net sales and profits showing significant increases, contributing to an attractive valuation with a Price to Book Value of 1.
In the broader market context, Esaar (India) has demonstrated strong performance compared to the Sensex, with a year-to-date return of 157.83% against the benchmark's 5.18%. This outperformance is evident over various periods, including a 141.72% return over the past year. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 87.53% against the 5-day average, which may indicate a potential concern for liquidity despite the stock's overall strong performance.