Why is Shankara Build. falling/rising?

As of 19-Aug, Shankara Building Products Ltd is experiencing a price increase, currently at Rs 1,132.15, reflecting a rise of Rs 32.15 or 2.92%. The stock has been on an upward trend, gaining 6.7% over the last five days and outperforming its sector by 0.38% today. It has also shown strong performance over various periods, with a 10.80% increase over the past month and a remarkable 94.24% rise over the past year. The company has demonstrated solid financial health, with a low Debt to EBITDA ratio and significant growth in net sales and operating profit, which has contributed to positive investor sentiment and recent price movements.
In the broader market context, Shankara Building Products Ltd has outperformed the Sensex, which has only increased by 1.76% over the past week, while the stock itself has risen by 5.47%. The construction material sector has also gained by 2.42%, indicating a favorable environment for the stock. However, there are concerns regarding promoter confidence, as they have reduced their stake by 9.07%, which could signal potential risks for future performance. Despite this, the stock's strong fundamentals and recent positive results have helped maintain its upward trajectory in the market.