Why is Shankara Build. falling/rising?

As of 12-Aug, Shankara Building Products Ltd is experiencing a price increase, with the current price at Rs 1,073.45, reflecting a rise of Rs 12.35 or 1.16%. Today's price summary indicates that the stock opened with a significant gain of 5.73% and reached an intraday high of Rs 1,121.95. Despite a recent decline over the past two days, the stock has shown resilience, outperforming its sector by 1.62%. Over the past month, the stock has increased by 5.07%, contrasting with a decline in the benchmark Sensex by 2.75%. The company's strong financial performance, highlighted by a 101.87% growth in net profit and a low Debt to EBITDA ratio of 1.02, supports its upward movement. However, the recent decrease in promoter stake by 9.07% raises concerns about future confidence in the business.
Broader market context shows that while Shankara Building Products has outperformed the Sensex in the short term, with a 1-week return of -7.25% compared to the Sensex's -0.59%, it has significantly outperformed the benchmark over longer periods, including a 55.52% increase year-to-date versus a 2.68% rise in the Sensex. This strong long-term performance, coupled with rising investor participation and healthy growth metrics, suggests that the stock's recent price increase is driven by positive investor sentiment despite some concerns regarding promoter confidence.