Why is HUDCO falling/rising?

As of 23-Jun, Housing & Urban Development Corporation Ltd. (HUDCO) is experiencing a rise in its stock price, currently at Rs 232.05, reflecting an increase of Rs 4.8 or 2.11%. The stock has shown a strong performance today, outperforming its sector by 1.03% and achieving a consecutive gain over the last two days, with a total return of 6.94% during this period. Additionally, the stock has performed positively over the past week and month, with returns of 1.00% and 1.93%, respectively. Despite a year-to-date decline of 1.15% and a significant drop of 17.38% over the past year, HUDCO's strong long-term fundamentals, including a robust average Return on Equity (ROE) of 12.53% and consistent positive results over the last six quarters, contribute to its recent upward movement.
In the broader market context, HUDCO's short-term performance has outpaced the benchmark Sensex, which has only seen a 0.12% increase over the past week and a 0.22% increase over the past month. This indicates that while the overall market is experiencing modest gains, HUDCO is gaining traction more significantly. However, it is important to note that investor participation has been declining, with delivery volume falling by 17.65% against the five-day average. Despite this, HUDCO remains the largest company in its sector, holding a substantial market cap of Rs 45,493 crore, which constitutes 24.82% of the entire sector, further supporting its stock price resilience.