Why is HUDCO falling/rising?

As of 30-Jun, Housing & Urban Development Corporation Ltd. (HUDCO) is experiencing a price increase, currently at Rs 237.55, reflecting a rise of 1.55 (0.66%). The stock has shown a positive performance today, reaching an intraday high of Rs 241.1, which is a 2.16% increase. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in investor participation, with delivery volume falling by 6.65% against the 5-day average. Despite this, HUDCO has demonstrated strong long-term fundamentals, with a consistent positive performance over the last six quarters, including a 28.75% growth in PAT and record net sales and PBDIT figures.
In the broader market context, HUDCO's short-term return over the past week is +2.37%, which outperforms the benchmark Sensex's return of +2.09%. While the stock has faced challenges over the past month with a decline of 1.53%, it has significantly outperformed the Sensex over a three-year period, with a remarkable return of +583.60%. The company's strong market position, accounting for 24.48% of its sector and maintaining an average Return on Equity (ROE) of 12.53%, supports its resilience in the market. Overall, while there are some short-term fluctuations, the stock's solid fundamentals and recent performance suggest a positive outlook.