Why is Shankara Build. falling/rising?

As of 14-Aug, Shankara Building Products Ltd is experiencing a price increase, currently at Rs 1,090.80, reflecting a rise of Rs 5.8 or 0.53%. The stock has shown a positive trend, gaining 2.8% over the last three days and outperforming its sector by 1.09% today. Despite a recent 3.02% decline over the past week, the stock has performed well over the past month with a 3.69% increase. The company's strong financial performance, highlighted by a significant growth in net profit of 101.87% and a healthy annual growth rate in net sales of 20.85%, contributes positively to investor sentiment. However, a notable concern is the reduction in promoter confidence, as they have decreased their stake by 9.07%, which may impact perceptions of the company's future prospects.
In the broader market context, Shankara Building Products Ltd has outperformed the Sensex, which has seen a minimal decline of 0.03% over the past week. The stock's year-to-date performance is impressive, with an increase of 58.03% compared to the Sensex's 3.15%. This strong relative performance indicates that the stock is not only resilient but also appealing to investors despite some short-term volatility. The liquidity of the stock remains adequate, although there has been a decrease in delivery volume, suggesting a potential caution among investors. Overall, while the stock is currently rising, the mixed signals from promoter activity may warrant close monitoring.