Why is NBCC falling/rising?

As of 24-Jun, NBCC (India) Ltd is experiencing a rise in its stock price, currently at 121.05, reflecting an increase of 1.15 or 0.96%. The stock has shown strong performance today, outperforming its sector by 0.62% and achieving a consecutive gain over the last three days, with a total increase of 6.14% during this period. The stock reached an intraday high of Rs 123.85, indicating positive momentum. Additionally, it has demonstrated impressive returns over various periods, including a 30.41% increase year-to-date and a remarkable 543.54% rise over the last three years. Factors contributing to this upward movement include high management efficiency, a low debt-to-equity ratio, and healthy long-term growth, as evidenced by significant increases in net sales and operating profit.
In the broader market context, NBCC's short-term return of 0.83% over the past week surpasses the Sensex's return of 0.58%, indicating a stronger performance relative to the benchmark. The stock's liquidity is also favorable, with a delivery volume that has increased significantly, suggesting rising investor participation. However, it is important to note that the stock is trading at a premium compared to its peers, which may pose a risk if valuations are deemed excessive. Despite this, the consistent returns and positive financial indicators have bolstered investor confidence, contributing to the stock's upward trajectory.