Why is Shankara Build. falling/rising?

As of 09-Jun, Shankara Building Products Ltd is experiencing a significant rise in its stock price, currently at Rs 997.35, reflecting an increase of Rs 62.35 or 6.67%. The stock has recently hit a new 52-week high of Rs 1056.6 and has outperformed its sector by 3.68%. Over the past four days, the stock has gained 15.88%, and it opened today with a gain of 2.48%. In terms of returns, Shankara Building Products has shown impressive performance, with a 1-month return of 46.46% and a year-to-date return of 44.49%, significantly outpacing the benchmark Sensex, which has only returned 3.76% and 5.51% respectively. The company’s strong financial metrics, including a low Debt to EBITDA ratio and robust net sales growth, further bolster investor confidence, contributing to the stock's bullish trend.
In the broader market context, Shankara Building Products' recent performance stands in stark contrast to the benchmark, as it has outperformed the Sensex by a considerable margin over various periods, including a 1-year return of 44.32% compared to the Sensex's 7.50%. The construction materials sector has also shown positive movement, gaining 2.93%, which may be contributing to the favorable sentiment surrounding the stock. Additionally, rising investor participation, as evidenced by a 44.53% increase in delivery volume, indicates strong market interest, further supporting the stock's upward trajectory. Overall, the combination of strong financial performance, positive technical indicators, and favorable market conditions has led to the stock's rise.