Why is Shraddha Prime falling/rising?

As of 03-Jul, Shraddha Prime Projects Ltd is experiencing a price increase, with its current price at Rs. 190.00, reflecting a rise of 2.75 (1.47%). The stock has recently hit a new 52-week high of Rs. 190.95 and has shown strong performance, gaining 31.12% over the last nine consecutive days. In terms of returns, the stock has outperformed the benchmark Sensex significantly, with a 1-week return of +11.76% compared to the benchmark's -0.62%, a 1-month return of +28.42% against +3.10%, and an impressive year-to-date return of +70.52% versus +6.53%. The company's positive financial results, including a 9.98% growth in net sales and consistent profitability over the last six quarters, contribute to its rising stock price, despite concerns regarding management efficiency and high debt levels.
Broader market context shows that while the stock has been outperforming the benchmark significantly, the overall market has not followed the same upward trend, as indicated by the Sensex's recent decline. The stock's strong performance can be attributed to its healthy long-term growth prospects and market-beating returns, which have attracted investor interest despite a noted decrease in delivery volume, suggesting a potential concern regarding investor participation. The contrasting performance of the stock against the broader market highlights its resilience and appeal to investors, even as domestic mutual funds show no current interest in the company.