Why is G R Infraproject falling/rising?

As of 09-Jun, G R Infraprojects Ltd is experiencing a significant rise in its stock price, currently at Rs 1,395.90, reflecting an increase of Rs 110.3 or 8.58%. The stock has shown strong performance today, outperforming its sector by 7.6% and achieving consecutive gains over the last four days, with a total return of 9.65% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The company recently declared positive results after three consecutive negative quarters, showcasing improvements in key financial metrics such as operating profit and PBT, which have contributed to the stock's upward movement.
In the broader market context, G R Infraprojects has outperformed the Sensex over the past week, with a return of 7.25% compared to the benchmark's 1.32%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 4.90% against the Sensex's gain of 5.51%. Despite the recent positive momentum, there are concerns regarding falling investor participation, as indicated by a decrease in delivery volume. The stock's attractive valuation, reflected in its high ROCE and favorable technical indicators, suggests potential for further gains, although it has faced challenges over the past year with a return of -9.20%.