Why is Shriram Properti falling/rising?

As of 01-Aug, Shriram Properties Ltd is currently priced at 93.10, reflecting an increase of 2.35 (2.59%). Today's price movement indicates a reversal after two consecutive days of decline, with the stock outperforming its sector by 4.16%. It reached an intraday high of Rs 94.27, which is a 3.88% increase. However, the stock has shown a negative trend over the past week and month, with returns of -2.21% and -7.36%, respectively. Despite this, the company reported very positive results in its latest quarter, with net sales growing by 236.44% and a significant increase in profit after tax, which may contribute to the recent uptick in stock price.
In the broader market context, Shriram Properties has underperformed the Sensex over the past week and month, with the benchmark showing declines of -1.06% and -3.70%, respectively. This suggests that while the stock is experiencing a short-term rise, it is still facing challenges compared to the overall market. The company's attractive valuation, trading at a discount to peers, and improved financial metrics may provide some support for the stock, but the falling investor participation and lower delivery volumes indicate caution among investors. Overall, the stock's recent rise appears to be influenced by positive quarterly results, despite its ongoing struggles in the broader market.