Why is Sobha falling/rising?

As of 03-Nov, Sobha Ltd. is experiencing a price increase, currently at Rs 1,661.00, reflecting a rise of Rs 43.1 or 2.66%. The stock has shown strong performance recently, gaining 7.44% over the last four days and outperforming its sector by 0.74%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company reported a remarkable growth in net profit of 432.53% and has high institutional holdings at 32.44%, which suggests confidence from larger investors. Additionally, the stock has consistently outperformed the BSE500 over the past three years, contributing to its upward momentum.
In the broader market context, Sobha Ltd.'s short-term return of 6.03% over the past week stands in stark contrast to the Sensex, which has declined by 0.94% during the same period. This divergence highlights the stock's strength relative to the overall market. The construction and real estate sector has also seen a gain of 2.08%, further supporting Sobha's positive performance. With rising investor participation and liquidity, the stock's upward trajectory appears to be well-supported by both company-specific factors and favorable market conditions.