Why is Reliance Home falling/rising?

As of 01-Aug, Reliance Home Finance Ltd is experiencing a price increase, currently at 5.14, reflecting a change of 0.23 or 4.68% upward. The stock has shown strong performance recently, outperforming its sector by 9.58% today and achieving consecutive gains over the last four days, resulting in a total return of 20.37% during this period. Additionally, the stock has outperformed the broader market, generating a 26.91% return year-to-date, while the BSE500 index has seen negative returns of -4.13% over the same timeframe. The company has also reported positive results for the last three consecutive quarters, with a profit after tax of Rs 3.03 Cr, contributing to investor confidence despite its negative book value and weak long-term growth indicators.
In the broader market context, while Reliance Home Finance Ltd has shown a significant short-term return of 14.48% over the past week, the benchmark Sensex has declined by 1.06% in the same period. This stark contrast highlights the stock's resilience and ability to attract investor interest, particularly in light of rising delivery volumes and liquidity, which have increased by 8.75% against the five-day average. However, it is essential to note that the finance sector, particularly housing, has faced a downturn of -4.81%, indicating that the stock's rise is somewhat isolated from broader sector trends.