Why is Shraddha Prime falling/rising?

As of 01-Jul, Shraddha Prime Projects Ltd is experiencing a price increase, currently at Rs. 183.60, which reflects a rise of 3.6 or 2.0%. The stock has reached a new 52-week high today and has shown strong performance, gaining 26.71% over the past seven days. It has outperformed its sector by 2.69% today and is trading above all key moving averages. The company has demonstrated impressive growth with net sales increasing at an annual rate of 325.60% and operating profit at 453.71%. However, it faces challenges such as poor management efficiency indicated by a low ROCE of 9.14% and a high Debt to EBITDA ratio of 7.96 times, which could impact its profitability and debt servicing ability.
In the broader market context, the stock has significantly outperformed the benchmark, with a one-year return of 235.04% compared to the BSE500's 3.20%. This strong performance suggests that investor confidence in Shraddha Prime is high, despite the risks associated with its management efficiency and debt levels. The stock's recent gains and positive financial results have likely attracted more investor participation, contributing to its upward price movement.