Why is Shraddha Prime falling/rising?

As of 16-Jul, Shraddha Prime Projects Ltd is experiencing a price increase, currently at 179.75, reflecting a rise of 2.85 or 1.61%. The stock has shown strong performance recently, outperforming its sector by 1.25% today and has gained 5.7% over the last three days. Additionally, the stock has demonstrated impressive returns over various periods, including a 25.70% increase over the past month and a remarkable 278.42% rise over the past year. The company has consistently reported positive results, with net sales growing at an annual rate of 325.60% and operating profit increasing at 453.71%. Furthermore, it has declared positive results for the last six consecutive quarters, contributing to investor confidence.
In the broader market context, the stock's recent performance stands out significantly against the benchmark, as it has generated a return of 278.42% over the last year, compared to a mere 2.38% for the Sensex. This stark contrast highlights the stock's strong market-beating performance. While there has been a slight decline in investor participation, as indicated by a 7.62% drop in delivery volume, the overall liquidity remains sufficient for trading. The stock's ability to trade above its moving averages further supports its upward trajectory, indicating a robust demand despite the minor fluctuations in trading volume.