Why is Esaar (India) falling/rising?

As of 01-Aug, Esaar (India) Ltd's stock price is rising, currently at Rs. 17.12, reflecting an increase of 0.56 or 3.38%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 11 days, accumulating a total return of 22.11% during this period. It has outperformed its sector by 4.86% today and is trading above all key moving averages, indicating strong upward momentum. Additionally, the company has reported positive results for the last three consecutive quarters, with net sales and profits showing significant growth, contributing to a favorable market perception and driving investor interest.
In the broader market context, Esaar (India) has demonstrated impressive performance compared to the Sensex, with a 10.03% increase over the past week while the benchmark has declined by 1.06%. Over the past month, the stock has surged by 38.85%, contrasting sharply with the Sensex's drop of 3.70%. This outperformance is further highlighted by the stock's remarkable year-to-date return of 185.33% compared to the Sensex's modest gain of 3.15%. The rising investor participation, as evidenced by increased delivery volume, along with a favorable price-to-earnings growth ratio, supports the stock's upward trajectory in the current market environment.