Why is Shraddha Prime falling/rising?

As of 14-Jul, Shraddha Prime Projects Ltd is experiencing a price increase, with the current price at Rs 173.45, reflecting a rise of Rs 3.4 or 2.0%. Today's price summary indicates that the stock has outperformed its sector by 2.52% and has gained after six consecutive days of decline. It opened with a 2% gain and reached an intraday high of Rs 173.45. The stock has shown impressive returns over various periods, including a 248.64% increase over the past year, significantly outperforming the market benchmark. The company has also reported strong financial growth, with net sales increasing at an annual rate of 325.60% and operating profit at 453.71%. Positive results over the last six quarters and substantial growth in profit before tax and profit after tax have contributed to the stock's upward movement.
In the broader market context, the stock's short-term performance is notably better than the benchmark, with a 1-week decline of 4.96% compared to the Sensex's 1.42% decline, indicating a relative strength despite recent volatility. Over the past month, the stock has gained 16.45%, while the Sensex has only increased by 1.40%. This strong performance, coupled with rising investor participation and liquidity, suggests that market sentiment remains positive towards Shraddha Prime Projects Ltd, reinforcing its potential for continued growth amidst a challenging market environment.