Why is NBCC falling/rising?

As of 25-Jun, NBCC (India) Ltd is experiencing a price increase, currently at 124.95, reflecting a rise of 3.9 or 3.22%. The stock has shown strong performance recently, gaining 9.56% over the last four days and outperforming its sector by 2.01% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has risen by 5.04%, and year-to-date, it has achieved a remarkable 34.62% increase. The company's strong fundamentals, including a high return on equity (ROE) of 19.05%, low debt-to-equity ratio, and significant growth in operating profit, contribute to investor confidence and the stock's upward movement.
In the broader market context, NBCC's short-term performance significantly outpaces the benchmark, with a 1-week return of 5.04% compared to the Sensex's 1.61%. This trend of outperformance is consistent, as the stock has generated returns that exceed those of the BSE 500 over the past three years. However, it is important to note that the stock is trading at a premium valuation compared to its peers, which could pose a risk if market conditions change. Despite this, the positive financial results and consistent returns have bolstered investor interest, leading to rising participation and liquidity in the stock.