Why is Ramsons Projects falling/rising?

As of 20-Jun, Ramsons Projects Ltd is experiencing a price increase, currently at Rs 91.00, reflecting a rise of 4.07 (4.68%). The stock has shown strong performance recently, gaining 15.47% over the last four days and outperforming its sector by 3.11% today. It opened with a gain of 2.38% and reached an intraday high of Rs 91. The stock has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, it has generated an impressive return of 311.02%, with profits increasing by 81.9%, contributing to its attractive valuation with a Price to Book Value of 2.1. However, there has been a notable decline in investor participation, with delivery volume falling by 71.72% against the 5-day average.
In the broader market context, Ramsons Projects has significantly outperformed the Sensex, with a 1-week return of 9.70% compared to the Sensex's 1.59%. This trend continues over the longer term, as the stock has outperformed the benchmark over 1 month, year-to-date, and in the past 3 years. The company's strong fundamentals, including a return on equity of 20.4 and a low PEG ratio of 0.1, further support its rising stock price. Overall, the combination of strong recent performance, attractive valuations, and consistent outperformance against benchmarks contributes to the upward movement of Ramsons Projects Ltd's stock price.