Why is Esaar (India) falling/rising?

As of 04-Aug, Esaar (India) Ltd's stock price is rising, currently at Rs. 17.46, reflecting an increase of 0.34 (1.99%). The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last 12 days, resulting in a total return of 24.54% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company has reported positive results for the last three consecutive quarters, with net sales and profits showing significant growth, contributing to a favorable sentiment among investors. The stock's impressive performance over the past year, generating a return of 194.44%, further supports its rising price trend.
In the broader market context, Esaar (India) has significantly outperformed the Sensex, which has only increased by 0.16% over the past week, while Esaar's stock has surged by 10.02%. This stark contrast highlights the stock's strong market position and investor confidence. The rising investor participation, evidenced by an increase in delivery volume, also suggests a growing interest in the stock. Overall, the combination of positive financial results, consistent performance, and favorable market conditions has contributed to the stock's upward trajectory.