Why is Simplex Infra falling/rising?

As of 18-Nov, Simplex Infrastructures Ltd is experiencing a price increase, currently valued at Rs 309.00, reflecting a rise of Rs 20.45 or 7.09%. The stock has shown strong performance today, outperforming its sector by 7.44% and achieving a consecutive gain over the last three days, with a total return of 9.11% during this period. It reached an intraday high of Rs 317.7, indicating significant investor interest. The stock has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Additionally, the delivery volume has surged by 486.93% compared to the 5-day average, indicating rising investor participation. Despite a notable return of 24.40% over the past year, the company's profits have declined by 46.8%, which may temper some investor enthusiasm.
In the broader market context, Simplex Infrastructures has outperformed the Sensex, which has only increased by 0.96% over the past week, while the stock itself has risen by 7.18%. This trend of outperformance is consistent, as the stock has also shown a 14.66% increase over the past month compared to the Sensex's 0.86%. The company has recently reported positive financial results after three consecutive quarters of losses, which has likely contributed to the stock's upward momentum. With a fair valuation relative to its peers and a strong historical performance over the last three years, the stock's recent gains can be attributed to both improved financial metrics and favorable market conditions.