Why is Kolte Patil Dev. falling/rising?

As of 21-Aug, Kolte Patil Developers Ltd is experiencing a price increase, currently at Rs 409.95, reflecting a rise of 4.1 points or 1.01%. Today's price summary indicates that the stock outperformed its sector by 0.49% and reached an intraday high of Rs 418.25, marking a 3.06% increase. Over the past week, the stock has shown a modest gain of 0.39%, but it has declined by 9.10% over the past month. Despite this recent dip, the stock has demonstrated strong long-term growth, with a significant annual operating profit increase of 60.80% and a remarkable profit rise of 176.4% over the past year, contributing to a PEG ratio of 0.3, suggesting it is undervalued compared to its peers.
Broader market context reveals that while Kolte Patil's short-term performance has lagged behind the Sensex, which has risen by 1.74% over the past week, the stock has outperformed the benchmark on a year-to-date basis with a gain of 15.15% compared to the Sensex's 4.94%. The rising investor participation, indicated by a 121.95% increase in delivery volume, suggests growing confidence in the stock, which is further supported by its fair valuation metrics and majority ownership by promoters. Overall, these factors contribute to the stock's upward movement despite some recent volatility.