Why is Shriram Properti falling/rising?

As of 15-Sep, Shriram Properties Ltd is currently priced at 93.08, reflecting a slight increase of 0.13 (0.14%). The stock has been on an upward trend, gaining for the last four days with a total return of 4.95% during this period. Despite this positive momentum, the stock underperformed its sector by 2.01% today. In terms of returns, Shriram Properties has shown a 2.77% increase over the past week and a 5.75% rise over the past month, although it has a year-to-date decline of 12.97% and a significant drop of 29.91% over the past year. The company has reported positive financial results, with net sales growing by 42.49% and profit before tax increasing by 117.0%, which may contribute to the stock's recent gains. However, the stock's PEG ratio of 3.7 indicates that it is trading at a discount compared to its peers, suggesting potential for future growth.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.24% over the past week and 1.47% over the past month, Shriram Properties has outperformed in the short term. The construction and real estate sector has also seen a gain of 2.21%, indicating a favorable environment for the stock. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement. However, the year-to-date performance remains concerning, as the stock has lagged behind the benchmark's 4.67% increase, highlighting the challenges it faces despite recent positive developments.