Why is Esaar (India) falling/rising?

As of 25-Jul, Esaar (India) Ltd's stock price is currently at Rs. 15.56, reflecting an increase of 0.09 or 0.58%. The stock has recently reached a new 52-week high of Rs. 15.77 and has been on a positive trajectory, gaining 10.98% over the last six days. It has outperformed its sector by 2.7% today and is trading above all key moving averages, indicating strong momentum. The company has reported positive results for the last three consecutive quarters, with net sales and profits showing significant increases, contributing to its attractive valuation. Despite a recent decline in investor participation, the stock's long-term performance remains robust, with a remarkable 143.89% return over the past year.
In the broader market context, Esaar (India) has significantly outperformed the Sensex, which has seen a decline of 0.36% over the past week and a 1.56% drop over the past month. The stock's impressive year-to-date return of 159.33% stands in stark contrast to the Sensex's modest gain of 4.25%. This strong performance, coupled with the company's solid financial results and favorable valuation metrics, suggests that investor confidence remains high despite the overall market's challenges, further driving the stock's upward movement.