Why is Shankara Build. falling/rising?

As of 03-Nov, Shankara Building Products Ltd is experiencing a price increase, currently at Rs 141.55, reflecting a rise of Rs 1.55 or 1.11%. Today's price summary indicates that the stock underperformed its sector by 0.43%, having touched an intraday low of Rs 137, which represents a decline of 2.14%. Over the past week, the stock has shown a positive return of 6.39%, contrasting with a negative return of 18.32% over the past month. Despite this recent uptick, the stock's performance has been mixed, with a year-to-date decline of 13.84% and a notable long-term return of 19.28% over the past year. The company benefits from a strong ability to service debt, healthy long-term growth in net sales and operating profit, and positive results in recent quarters, which contribute to its attractiveness despite current volatility.
In the broader market context, the stock's recent performance is particularly noteworthy as it has outperformed the benchmark BSE500, which has returned only 3.92% over the past year. However, the stock's recent underperformance in the short term, alongside a significant drop in delivery volume, suggests a decline in investor participation. The high institutional holdings at 22.45% indicate confidence from larger investors, which may help stabilize the stock's price in the face of recent fluctuations. Overall, while the stock has shown resilience in the long term, the current market dynamics and investor sentiment reflect a cautious outlook.