Why is Shankara Build. falling/rising?

As of 28-Jul, Shankara Building Products Ltd's stock price is rising, currently at 1,055.20, reflecting an increase of 47.55 or 4.72%. Today, the stock reached a new 52-week high of Rs 1,156.65, demonstrating a significant intraday gain of 14.79%. Despite experiencing a decline over the previous four days, the stock has shown resilience, outperforming its sector by 5.13% today. Over the past month, Shankara has delivered a positive return of 3.64%, contrasting with the Sensex's decline of 3.77%. The company has reported strong financial performance, with a remarkable net profit growth of 101.87% and consistent positive results over the last two quarters, contributing to its strong buy sentiment.
In the broader market context, Shankara's performance stands out as it has generated a return of 56.56% over the past year, significantly outperforming the BSE500, which has seen negative returns of -2.52%. However, there are concerns regarding promoter confidence, as they have reduced their stake by 9.07% in the last quarter, which may indicate a lack of confidence in the company's future. Despite this, the company's strong fundamentals, including a low Debt to EBITDA ratio and healthy long-term growth in net sales, support the stock's upward movement amidst a challenging market environment.