Why is Ramsons Projects falling/rising?

As of 09-Jul, Ramsons Projects Ltd is currently priced at Rs. 109.66, reflecting a decrease of Rs. 2.23 or 1.99%. The stock has recently experienced a trend reversal, falling after seven consecutive days of gains. Despite this decline, it has shown impressive performance over various periods, with a 1-week return of 17.35%, a 1-month return of 38.81%, and a year-to-date return of 96.84%. The stock also reached a new 52-week high of Rs. 114 earlier today. However, it underperformed its sector by 2.37%. The company has reported positive financial results, with a profit after tax growth of 69.87% in the latest six months, and a strong return on equity of 20.4%, indicating attractive valuation metrics.
In the broader market context, while Ramsons Projects has outperformed the Sensex significantly over the past year, generating a return of 272.99% compared to the Sensex's 3.96%, the recent price drop may be attributed to profit-taking after a strong rally. The stock's performance remains robust in the long term, as it has consistently beaten market benchmarks over various time frames. The rising investor participation, indicated by an increase in delivery volume, suggests continued interest in the stock despite the recent decline. Overall, while the stock is experiencing a short-term pullback, its long-term prospects remain strong, supported by solid financial performance and market-beating returns.