Why is Pansari Develop. falling/rising?

As of 18-Nov, Pansari Developers Ltd is experiencing a significant rise in its stock price, currently at Rs. 320.30, reflecting an increase of Rs. 29.1 or 9.99%. The stock has recently hit a new 52-week and all-time high, outperforming its sector by 11.68%. It is trading above all key moving averages, indicating strong momentum. Over the past week, the stock has gained 19.49%, and it has shown impressive long-term performance with a 76.47% increase over the past year and a staggering 258.48% over the last three years. The company has reported very positive results, including a 354.2% growth in net sales and a 258.2% increase in profit after tax for the latest quarter, contributing to the stock's upward movement.
In the broader market context, Pansari Developers Ltd has outperformed the Sensex, which has only increased by 0.84% over the past week. This strong performance relative to the benchmark highlights the company's robust growth and investor confidence. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. Overall, the combination of strong financial results, positive market sentiment, and consistent outperformance against benchmarks has driven the stock's price higher.