Why is Sobha falling/rising?

As of 23-Jun, Sobha Ltd. is currently priced at 1,496.90, reflecting a slight increase of 0.25 (0.02%). The stock has recently shown a trend reversal, gaining after three consecutive days of decline. Despite this positive movement, it underperformed its sector by 0.35%. Over the past week, the stock has decreased by 5.71%, while it has performed better over the past month with an increase of 8.94%. Notably, the company has reported significant growth in net profit of 88.38% and has declared positive results for the last three consecutive quarters, which may contribute to investor confidence. Additionally, the stock's liquidity is deemed sufficient for trading, and there has been a notable increase in delivery volume, indicating rising investor participation.
In the broader market context, Sobha Ltd.'s recent performance contrasts with the Sensex, which has gained 0.12% over the past week. While Sobha's year-to-date performance shows a decline of 4.59%, the Sensex has increased by 4.81% during the same period. This underperformance relative to the benchmark may reflect broader market conditions affecting investor sentiment. However, Sobha's strong financial indicators, such as a low debt-equity ratio and high cash reserves, suggest a solid foundation that could support future growth, despite its current challenges in the market.