Why is Hubtown falling/rising?

As of 27-Jun, Hubtown Ltd's stock price is rising, currently at 258.00, reflecting an increase of 24.05 or 10.28%. The stock has shown strong performance today, outperforming its sector by 11.41% and has been on a consecutive gain streak for the last three days, accumulating a total return of 23.92% during this period. Additionally, the stock opened with a gain of 2.5% today and reached an intraday high of Rs 267.65, which is a 14.4% increase. Over the past week, Hubtown has delivered a return of 27.09%, significantly outpacing the Sensex's 2.00% increase, and has also performed well over the last month with a 41.88% rise compared to the Sensex's 3.07%. The company has declared positive results for the last four consecutive quarters, with a notable growth in PAT and net sales, contributing to the stock's upward momentum.
In the broader market context, while Hubtown's recent performance has been impressive, it is essential to note that its year-to-date return is still down by 4.02%, contrasting with the Sensex's gain of 7.58%. Despite this, the stock has shown remarkable long-term performance, with a 60.85% return over the past year and a staggering 348.31% over the last three years, indicating strong market-beating performance. However, concerns about the company's long-term fundamental strength persist, particularly regarding its weak ROCE and high percentage of pledged promoter shares, which could pose risks in a declining market. Overall, the combination of positive short-term results and strong recent performance has driven the stock's rise, despite underlying concerns.