Why is Shriram Properti falling/rising?

As of 29-Oct, Shriram Properties Ltd is experiencing a price increase, currently at 93.65, reflecting a rise of 1.28 or 1.39%. The stock has shown strong performance recently, gaining 6.01% over the last three days and outperforming its sector by 0.66% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, the stock has seen a significant increase in delivery volume, rising by 165.31% against the 5-day average, suggesting heightened investor interest. Positive financial results, including a 42.49% growth in net sales and a 117.0% increase in profit before tax, contribute to its attractive valuation, as it trades at a discount compared to peers. Furthermore, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, Shriram Properties has outperformed the benchmark Sensex over the past week, with a return of 4.01% compared to the Sensex's 0.68%. Over the past month, the stock has also outperformed the benchmark, returning 6.29% against the Sensex's 5.76%. However, it is important to note that year-to-date, the stock has underperformed the benchmark, with a decline of 12.44% compared to the Sensex's gain of 8.78%. This mixed performance highlights the stock's recent recovery amidst a challenging year, driven by strong financial results and increased institutional interest.