Why is G R Infraproject falling/rising?

As of 27-Jun, G R Infraprojects Ltd is experiencing a price increase, currently at Rs 1,334.90, which reflects a rise of Rs 50.45 or 3.93%. Today's performance indicates that the stock has outperformed its sector by 3.7%, reaching an intraday high of Rs 1,410, a notable increase of 9.77%. However, despite this positive movement, the stock has shown a year-to-date decline of 9.06% and a significant drop of 23.62% over the past year. The company recently reported positive results after three consecutive negative quarters, showcasing high management efficiency with a return on capital employed (ROCE) of 16.47%. Additionally, the stock is trading at a discount compared to its peers, which may attract investor interest despite a recent decline in delivery volume.
In the broader market context, G R Infraprojects' short-term return of 4.76% over the past week outpaces the benchmark Sensex's return of 2.00%, indicating a relatively strong performance in the short term. However, the stock's year-to-date performance remains weaker than the Sensex, which has gained 7.58% during the same period. The high institutional holdings at 22.01% suggest that informed investors are backing the stock, potentially providing a buffer against further declines. Despite the recent positive developments, the overall negative trend over the past year and falling investor participation may temper enthusiasm for sustained growth.