Why is Ratnabhumi Dev. falling/rising?

As of 27-Jun, Ratnabhumi Developers Ltd is experiencing a price increase, currently at Rs 248.57, reflecting a rise of 4.87 or 2.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 3.13%. It has shown impressive performance over the past 21 days, gaining 168.72% during this period. Furthermore, the stock is trading above its moving averages across various time frames, indicating strong upward momentum. The company has reported outstanding financial results, including a staggering growth in net sales and consistent positive results over the last five quarters, contributing to its attractive valuation and strong investor interest.
In the broader market context, Ratnabhumi Developers Ltd has significantly outperformed the benchmark Sensex, which has only increased by 2.00% over the past week, while the stock itself has surged by 16.99%. This trend of outperformance is evident over multiple time frames, with the stock generating a return of 47.91% over the past year compared to the Sensex's 6.08%. Despite a recent decline in investor participation, the stock's liquidity remains sufficient for trading, and its strong financial performance continues to attract investor confidence, supporting its rising price trajectory.