Why is Sobha falling/rising?

As of 17-Jul, Sobha Ltd. is experiencing a price increase, currently at 1,690.00, reflecting a rise of 41.4 points or 2.51%. The stock has shown strong performance today, outperforming its sector by 1.55% and reaching an intraday high of Rs 1,700, which is a 3.12% increase. Over the past week, Sobha has gained 11.30%, while its one-month return stands at 5.62%. The company has reported outstanding financial results, including an 88.38% growth in net profit and positive results for the last three consecutive quarters. Additionally, Sobha's operating profit to interest ratio is at its highest, and its cash reserves are robust, contributing to investor confidence despite a slight decline in delivery volume.
In the broader market context, Sobha's recent performance contrasts sharply with the Sensex, which has declined by 1.12% over the past week. While Sobha has outperformed the benchmark significantly in the short term, its year-to-date return of 7.72% is still slightly below the Sensex's 5.27%. The liquidity of the stock remains adequate for trading, which supports its upward movement. Overall, the combination of strong financial results and positive market sentiment has contributed to the stock's rise, despite a decrease in investor participation.