Why is Ganesh Housing falling/rising?

As of 07-Jul, Ganesh Housing Corporation Ltd is experiencing a price increase, currently at 1,026.30, reflecting a rise of 48.15 or 4.92%. The stock has shown a positive performance today, outperforming its sector by 5.02% and achieving consecutive gains over the last two days with a total return of 5.59%. Despite a year-to-date decline of 17.84%, the stock has performed well over the last three years with a return of 300.12%. The company has demonstrated strong financial health, evidenced by a low Debt to EBITDA ratio of 0.24 times and significant growth in operating profit at an annual rate of 74.29%. Additionally, it has reported positive results for the last three consecutive quarters, which has likely contributed to the recent upward movement in its stock price.
In the broader market context, Ganesh Housing's short-term return of +3.86% over the past week contrasts sharply with the Sensex, which has declined by 0.20% during the same period. This indicates that the stock is gaining traction against the benchmark index. However, it is worth noting that the stock's long-term performance has been less favorable, with a year-over-year return of -1.24%, despite a notable increase in profits. The relatively low stake held by domestic mutual funds at 0.34% may suggest caution regarding the stock's valuation, which is considered expensive with a Price to Book Value of 4.2. This mixed sentiment could influence future price movements as investors weigh the company's strong operational performance against its valuation concerns.