Why is G R Infraproject falling/rising?

As of 19-Sep, G R Infraprojects Ltd is currently priced at 1,316.85, reflecting an increase of 2.7 or 0.21%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, there has been a significant drop in investor participation, with delivery volume falling by 89.28% compared to the 5-day average. Despite a year-to-date return of -10.29%, the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of +3.19% compared to the Sensex's +0.88%. The company's high management efficiency, indicated by a return on capital employed (ROCE) of 16.47%, and an attractive valuation relative to peers may also support its recent price movement.
In the broader market context, G R Infraprojects' recent performance contrasts with the benchmark's returns, as the stock has gained in the short term while the Sensex has shown modest growth. The stock's high institutional holdings at 22.16% suggest that knowledgeable investors are backing the company, which could provide stability and confidence in its fundamentals. Although the stock has experienced a decline over the past year, its profits have increased by 11.9%, and the PEG ratio of 1 indicates that it may be undervalued compared to its growth prospects. This combination of factors contributes to the stock's recent upward movement, despite the overall negative trend in the longer term.