Why is Sahara Housing falling/rising?

As of 06-Oct, Sahara Housing Fina Corporation Ltd is experiencing a significant rise in its stock price, currently at Rs. 58.93, reflecting an increase of 5.35 (9.99%). The stock has been on an upward trajectory, gaining for the last six consecutive days and achieving a remarkable 54.88% return during this period. Today, it reached a new 52-week high of Rs. 58.93, outperforming its sector by 10.6%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Notably, there has been a significant increase in investor participation, with delivery volume rising by 167.6% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Sahara Housing's short-term performance has been exceptional compared to the benchmark Sensex, which has only increased by 1.77% over the past week. The stock's 1-week return of 32.52% starkly contrasts with the benchmark's modest gains, illustrating its strong relative performance. Over the past month, Sahara Housing has also outperformed the Sensex, with a return of 51.14% compared to the benchmark's 1.34%. This outperformance, coupled with rising investor participation and positive price movements, indicates a robust demand for the stock in the current market environment.