Why is Sobha falling/rising?

As of 08-Sep, Sobha Ltd. is experiencing a price increase, currently at 1,444.20, reflecting a change of 26.7 or 1.88% upward. Despite this positive movement today, the stock has shown a negative performance over the past week and month, with declines of -0.54% and -4.64%, respectively. The stock is currently outperforming its sector by 1.48%, but it is trading lower than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains higher than the 200-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by -28.49% against the 5-day average. The company has high institutional holdings at 32.71%, indicating a level of confidence from these investors despite the weak long-term fundamentals, including a -28.71% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.36 times.
In the broader market context, Sobha Ltd. has underperformed significantly compared to the benchmark, with a one-year return of -15.56% against the Sensex's -0.49%. This stark contrast highlights the stock's struggles despite a generally stable market environment. The company's flat results in June, including a substantial drop in profit before tax and a low return on equity of 3.38%, further contribute to its negative outlook. While the stock is trading at a discount compared to its peers, the overall weak fundamentals and recent performance suggest that the recent price increase may not be sustainable in the long term.