Why is HUDCO falling/rising?

As of 01-Oct, Housing & Urban Development Corporation Ltd. (HUDCO) is experiencing a price increase, currently at Rs 232.50, reflecting a rise of 8.8 points or 3.93%. The stock has shown strong performance today, outperforming its sector by 0.74% and achieving a consecutive gain over the last three days, with a total return of 5.71% during this period. Additionally, HUDCO has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has demonstrated strong long-term fundamental strength, with a return on equity (ROE) of 12.53%, and has reported positive results for the last seven consecutive quarters, including a significant growth in net sales and profit before tax.
In the broader market context, HUDCO's recent performance contrasts with the Sensex, which has declined by 0.90% over the past week, while HUDCO has gained 0.06%. Despite its recent gains, HUDCO's year-to-date performance shows a slight decline of 0.96%, compared to the Sensex's increase of 3.64%. However, the stock's long-term growth prospects are tempered by concerns over its annual net sales growth rate of 8.08% and a relatively high price-to-book value ratio of 2.6, suggesting it may be trading at a premium compared to its peers. Overall, while HUDCO is currently rising, the mixed signals regarding its long-term growth and valuation may influence investor sentiment moving forward.