Why is Modi's Navnirman falling/rising?

As of 05-June, Modis Navnirman Ltd's stock price is currently at Rs 250.50, reflecting an increase of Rs 6.35, or 2.6%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 0.33% today, and the stock touched an intraday high of Rs 250.50. In terms of returns, the stock has increased by 0.60% over the past week and 3.56% over the past month, while it has a year-to-date decline of 2.91%. However, there has been a significant drop in investor participation, with delivery volume falling by 96.48% against the five-day average, indicating a potential concern for liquidity despite the stock being liquid enough for trading.
Broader market context shows that while Modis Navnirman Ltd has outperformed the Sensex by 0.83% over the past week, it has underperformed in the year-to-date comparison, where the Sensex has gained 4.23%. The construction and real estate sector, in which the company operates, has also seen a positive movement, gaining 2.28%. Despite the recent price increase, the stock's performance over the longer term remains mixed, with a year-on-year increase of 7.23% compared to the Sensex's 9.49% rise. This suggests that while there are short-term gains, the overall market context and investor participation may still pose challenges for sustained growth.