Why is Ganesh Housing falling/rising?

As of 25-Jun, Ganesh Housing Corporation Ltd's stock price is rising, currently at Rs 993.10, reflecting an increase of Rs 26.3 or 2.72%. The stock has shown a positive performance today, outperforming its sector by 1.51% and achieving a consecutive gain over the last two days with a total return of 4.09%. Despite a decline of 3.33% over the past month and a year-to-date drop of 20.50%, the company has demonstrated strong financial health, evidenced by a low Debt to EBITDA ratio of 0.24 times and impressive operating profit growth at an annual rate of 74.29%. Additionally, the company has reported positive results for the last three consecutive quarters, which may contribute to the recent upward movement in stock price.
In the broader market context, Ganesh Housing's short-term return of +2.84% over the past week exceeds the Sensex's gain of +1.61% during the same period, indicating a relatively strong performance compared to the benchmark. However, the stock's long-term performance shows a mixed picture, with a 1-year return of +2.42% compared to the Sensex's +6.02%. The stock's valuation appears expensive with a Price to Book Value of 4, and the low stake held by domestic mutual funds at only 0.34% may suggest a lack of confidence in the stock's current price. Overall, while recent gains are encouraging, the stock faces challenges in terms of valuation and investor sentiment.