Why is Shankara Build. falling/rising?

As of 07-Aug, Shankara Building Products Ltd is experiencing a price increase, currently at Rs 1,124.75, reflecting a rise of Rs 17.3 or 1.56%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Today, it reached an intraday high of Rs 1,130.95, which is a 2.12% increase, although it also touched a low of Rs 1,043.95, indicating some volatility. Over the past month, the stock has performed well, with a return of +11.43%, significantly outperforming the Sensex, which declined by 3.38%. However, there has been a notable decrease in investor participation, with delivery volume dropping by 70.98% compared to the five-day average, which may indicate some caution among investors.
In the broader market context, Shankara Building Products Ltd has outperformed the Sensex in the short term, with a 1-week return of -3.21% compared to the benchmark's -0.69%. Year-to-date, the stock has shown impressive growth of +62.95%, while the Sensex has only increased by 3.18%. This strong performance over a longer horizon, including a 1-year return of +72.55% versus the Sensex's +1.45%, suggests that the stock has been resilient despite recent fluctuations. The liquidity of the stock remains adequate for trading, which may support its price stability moving forward.