Why is Hubtown falling/rising?

As of 04-Jul, Hubtown Ltd's stock price is rising, currently at Rs 278.95, reflecting an increase of Rs 3.75 or 1.36%. The stock has shown strong performance recently, gaining 7.77% over the last two days and outperforming its sector by 0.6% today. Additionally, Hubtown has outperformed the Sensex significantly over various periods, including a remarkable 56.41% increase over the past month and a 59.31% rise over the past year. The company has also reported positive financial results, with a 131.0% growth in profit after tax and a 38.21% increase in net sales over the last six months, contributing to the stock's upward momentum.
In the broader market context, Hubtown's recent performance stands in stark contrast to the Sensex, which has declined by 0.74% over the past week. This indicates that Hubtown is not only performing well in the short term but is also maintaining a strong position relative to the market. However, it is important to note that there are concerns regarding the company's long-term fundamental strength, with a low average return on capital employed and a high percentage of pledged promoter shares, which could pose risks in a falling market. Despite these concerns, the stock's current trajectory appears to be driven by positive short-term results and strong investor participation.