Why is Ratnabhumi Dev. falling/rising?

As of 10-Jun, Ratnabhumi Developers Ltd is experiencing a price increase, currently at Rs 143.85, reflecting a rise of Rs 6.85 or 5.0%. The stock has been on an upward trend, gaining for the last eight consecutive days and achieving a remarkable 55.51% return during this period. It has outperformed its sector by 5.8% today and is trading above all its moving averages, indicating strong momentum. Despite a significant drop in delivery volume, which fell by 97.27% against the 5-day average, the company has reported outstanding financial results, including a staggering 28716.67% growth in net sales and consistent positive results over the last five quarters. This strong performance, coupled with an attractive valuation relative to peers, has contributed to the stock's recent rise.
In the broader market context, Ratnabhumi Developers Ltd has outperformed the Sensex, which has only increased by 2.05% over the past week, while the stock surged by 35.71% in the same timeframe. This significant outperformance highlights investor confidence in the company's growth potential, especially given its impressive profit increase of 548% over the past year despite a slight decline in stock returns of -2.80%. The favorable financial metrics, such as a high return on capital employed and a low PEG ratio, further support the stock's upward movement, contrasting with the broader market's more modest gains.