Why is Shankara Build. falling/rising?

As of 18-Aug, Shankara Building Products Ltd is experiencing a rise in its stock price, currently at Rs 1,100.00, reflecting an increase of Rs 9.2 or 0.84%. The stock has shown strong performance recently, gaining 3.67% over the past week and 7.65% over the past month. It has outperformed its sector by 0.55% today and has been on a consecutive gain streak for the last four days. The stock reached an intraday high of Rs 1,148.5, which is a 5.29% increase. Despite a decrease in delivery volume by 51.06% against the five-day average, the stock is trading above all key moving averages, indicating a positive trend. The company's strong financials, including a low Debt to EBITDA ratio of 1.02 times and significant growth in net sales and profits, contribute to its favorable market perception.
In the broader market context, Shankara Building Products Ltd has outperformed the Sensex, which has only increased by 0.83% over the past week. The stock has generated impressive returns of 90.18% over the last year, significantly surpassing the Sensex's 1.04% increase during the same period. However, there are concerns regarding reducing promoter confidence, as they have decreased their stake by 9.07% in the last quarter, which may indicate a lack of confidence in the company's future. Despite this risk, the overall strong financial performance and market-beating returns suggest that the stock's upward movement is supported by solid fundamentals.