Why is Shriram Properti falling/rising?

As of 12-Sep, Shriram Properties Ltd is experiencing a rise in its stock price, currently at Rs 92.95, reflecting an increase of Rs 2.74 or 3.04%. The stock has been gaining momentum, having outperformed its sector by 2.94% today and achieving a consecutive gain over the last three days with a total return of 4.8% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 39.44% compared to the 5-day average. Positive financial results, including a significant growth in net sales and profit before tax, contribute to the stock's attractive valuation, despite its year-to-date decline of 13.09% and a one-year drop of 30.37%.
In the broader market context, Shriram Properties Ltd's short-term performance over the past week shows a return of 2.79%, which exceeds the Sensex's return of 1.48% during the same period. While the stock has underperformed the benchmark over the longer term, with a year-to-date decline compared to the Sensex's positive return, its recent positive financial indicators and attractive valuation relative to peers may be driving the current upward movement. The stock's ability to generate profits despite a significant drop in its price over the past year suggests potential for recovery, although the overall market sentiment and liquidity factors remain critical to its future performance.