Why is Shankara Build. falling/rising?

As of 14-Jul, Shankara Building Products Ltd is experiencing a price increase, currently at Rs 1,051.95, reflecting a rise of Rs 30.25 or 2.96%. The stock has shown strong performance today, outperforming its sector by 2.34% and reaching an intraday high of Rs 1,056.5. Over the past week, it has gained 4.22%, significantly outpacing the Sensex, which has declined by 1.42%. Additionally, the stock is trading above all key moving averages, indicating a bullish trend. The company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 1.02 times, and has reported impressive financial metrics, including the highest net sales and ROCE in its recent quarterly results. Despite a slight decline in profits over the past year, the stock's attractive valuation and significant returns of 49.78% over the last year contribute positively to its recent upward movement.
In the broader market context, Shankara Building Products Ltd's performance stands out, particularly in comparison to the benchmark indices. While the stock has generated a remarkable return of 49.78% over the past year, the BSE500 has only returned 0.26%, highlighting the stock's market-beating performance. The stock's recent rise can also be attributed to increased investor participation, as evidenced by a 47.57% rise in delivery volume against the five-day average. This liquidity, combined with the stock's proximity to its 52-week high, suggests strong investor confidence, further supporting the upward price movement.