Why is Shankara Build. falling/rising?

As of 21-Jul, Shankara Building Products Ltd is experiencing a price increase, currently at 1,059.90, reflecting a rise of 38.1 or 3.73%. The stock has shown resilience by outperforming its sector by 2.83% today, despite opening with a loss of 2.41%. It has gained after four consecutive days of decline, touching an intraday high of Rs 1,070. The stock's performance over various periods has been strong, with a year-to-date return of 53.55% and a one-year return of 59.52%, significantly higher than the Sensex's returns of 5.20% and 1.98%, respectively. The company also demonstrates a strong ability to service debt, with a low Debt to EBITDA ratio of 1.02 times, and has reported positive financial metrics, including a 20.46% growth in net sales over the last six months.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark, as it has gained 0.76% over the past week while the Sensex has declined by 0.06%. This indicates that Shankara Building Products Ltd is not only maintaining its upward trajectory but is also benefiting from a market environment where it is outperforming broader indices. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 26.71% against the five-day average, which could pose a concern for future trading activity. Overall, the combination of strong financial performance and market-beating returns supports the stock's recent upward movement.