Why is Sobha falling/rising?

As of 18-Jul, Sobha Ltd. is experiencing a slight increase in its stock price, currently at 1,692.00, reflecting a change of 2.0 (0.12%) upward. The stock has shown strong performance recently, with a 1-week return of +13.18% compared to a decline of -0.90% in the Sensex. Additionally, Sobha's price is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a minor drop in investor participation, with delivery volume decreasing by 0.6% against the 5-day average, the company has reported impressive financial results, including an 88.38% growth in net profit and positive results for the last three consecutive quarters. The high institutional holdings at 32.71% suggest strong confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Sobha's recent performance stands out, particularly in the short term, as it has significantly outperformed the Sensex over the past week. While the benchmark index has seen a slight decline, Sobha's robust returns highlight its resilience and attractiveness to investors. The company's strong financial health, characterized by a low debt-equity ratio and substantial cash reserves, positions it favorably in the market, contributing to its rising stock price amidst a generally challenging environment for the broader market.