Why is HUDCO falling/rising?

As of 25-Jun, Housing & Urban Development Corporation Ltd. (HUDCO) is experiencing a price increase, currently at Rs 239.50, which reflects a rise of 6.2 or 2.66%. The stock has been gaining momentum, having risen for the last four consecutive days with a total return of 10.37% during this period. It has also reached an intraday high of Rs 240.45. Furthermore, HUDCO is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company has demonstrated solid financial performance, with positive results for the last six consecutive quarters, including a significant growth in profit after tax and net sales.
In the broader market context, HUDCO's short-term performance has outpaced the benchmark Sensex, which has only increased by 1.61% over the past week compared to HUDCO's 7.25% gain. While the stock's recent performance is strong, it is important to note that there has been a decline in investor participation, with delivery volume falling by 15.1% against the 5-day average. Despite this, HUDCO remains a dominant player in its sector, holding a market cap of Rs 46,704 crore, which constitutes nearly a quarter of the entire sector. This strong market position, combined with robust financial fundamentals, supports the stock's recent upward movement.