Why is Meghna Infracon falling/rising?

As of 25-Jul, Meghna Infracon Infrastructure Ltd's stock price is currently at Rs 578.95, reflecting an increase of Rs 2.0 or 0.35%. The stock has shown a positive trend, gaining after two consecutive days of decline and is currently 3.98% away from its 52-week high of Rs 602. Over the past week, the stock has outperformed the sector by 2.47% and has delivered impressive returns, with a 150.14% increase over the past year and a staggering 2506.71% over the last three years. Positive factors contributing to this rise include strong long-term fundamentals, as evidenced by a high Return on Equity (ROE) of 26.69%, and significant growth in profit after tax (PAT) and earnings per share (EPS) reported in March 2025. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's prospects.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a decline of 0.36% over the past week, Meghna Infracon's stock has demonstrated resilience with a 1.28% increase. This divergence highlights the stock's strong performance relative to the broader market, particularly in light of the finance/NBFC sector's decline of 2.13%. Despite a recent drop in investor participation, as indicated by a 14.8% decrease in delivery volume, the overall positive sentiment from institutional investors and consistent returns over the years suggest that Meghna Infracon is maintaining its upward trajectory amidst a challenging market environment.