Why is SRM Contractors falling/rising?

As of 23-Jun, SRM Contractors Ltd is experiencing a significant rise in its stock price, currently at 485.00, reflecting an increase of 40.0 or 8.99%. The stock has recently hit a new 52-week high of Rs.486.95 and has outperformed its sector by 9.45%. Over the past week, the stock has gained 9.06%, and in the last month, it has surged by 28.21%. The company has shown strong financial performance, with a notable growth in operating profit and net sales, leading to a return of 168.92% over the past year, significantly higher than the market average. Additionally, the company maintains a low debt-to-equity ratio and has reported positive results for the last two consecutive quarters, further bolstering investor confidence.
In the broader market context, SRM Contractors' recent performance stands in stark contrast to the benchmark Sensex, which has only increased by 0.12% over the past week and 0.22% over the past month. This indicates that the stock is not only rising due to its strong fundamentals but also significantly outperforming the overall market. However, there is a note of caution as institutional investors have reduced their stake by 0.91% in the previous quarter, which could impact future price movements. Despite this, the rising investor participation and liquidity suggest a robust interest in the stock, contributing to its upward trajectory.