Why is SRG Housing falling/rising?

As of 17-Oct, SRG Housing Finance Ltd is experiencing a price increase, currently at Rs 307.85, reflecting a rise of Rs 7.3 or 2.43%. Today's performance indicates that the stock has outperformed its sector by 3.16%, although it has shown a trend reversal after two consecutive days of gains. The stock's recent performance over the past week and month has been positive, with returns of +1.43% and +3.43%, respectively. However, it has underperformed significantly year-to-date with a decline of -14.03%. Positive factors contributing to the stock's movement include consistent positive results over the last eight quarters, a notable growth in net sales, and a strong cash position. Conversely, the stock faces challenges due to its weak long-term fundamental strength, reflected in a low return on equity and a high price-to-book value, which suggests it is trading at a premium compared to its peers.
In the broader market context, the stock's short-term performance has been slightly below that of the benchmark, with the Sensex showing a return of +1.68% over the past week, compared to SRG's +1.43%. While the stock's recent gains may indicate some positive sentiment, the overall trend shows a consistent underperformance against the benchmark over the last three years, which raises concerns among investors. Additionally, falling investor participation, as evidenced by a significant drop in delivery volume, may signal a lack of confidence in the stock's future performance, despite its recent price increase.