Why is G R Infraproject falling/rising?

As of 01-Jul, G R Infraprojects Ltd's stock price is currently at Rs 1,324.55, reflecting an increase of Rs 7.85 or 0.6%. Today's price summary indicates that the stock outperformed its sector by 0.36%, although it touched an intraday low of Rs 1,283.3, representing a decline of 2.54%. The stock has shown a return of +6.13% over the past week and +3.08% over the past month, but it has underperformed on a year-to-date basis with a return of -9.77%. The company recently declared positive results after three consecutive negative quarters, showcasing a high operating profit to interest ratio and strong PBDIT and PBT figures, which may have contributed to the recent price increase. Additionally, the stock is trading at a discount compared to its peers, supported by high institutional holdings at 22.01%, indicating confidence from more knowledgeable investors.
In the broader market context, G R Infraprojects has outperformed the benchmark Sensex in the short term, with a weekly return of +6.13% compared to the Sensex's +2.00%. However, the stock's year-to-date performance remains concerning, with a decline of -9.77% against the Sensex's gain of +7.11%. The recent increase in stock price may be attributed to improved management efficiency and attractive valuations, despite falling investor participation and lower delivery volumes. The liquidity of the stock remains adequate for trading, but the overall negative trend over the past year, with a return of -23.03%, suggests that caution may still be warranted among investors.