Why is SRM Contractors falling/rising?

As of 25-Jun, SRM Contractors Ltd is experiencing a price increase, currently at Rs 490.00, reflecting a rise of Rs 9.55 or 1.99%. The stock has shown strong performance, with a 10.73% increase over the past week and a remarkable 162.73% return over the last year, significantly outperforming the benchmark Sensex, which has only increased by 6.02% during the same period. Today's trading saw the stock reach an intraday high of Rs 497, just 1.62% shy of its 52-week high, and it is trading above all key moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 36.39% compared to the five-day average.
In the broader market context, SRM Contractors' short-term performance has outpaced the Sensex, which only gained 1.61% over the past week. Despite the stock's impressive returns, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 0.91% in the last quarter. This decline in institutional interest could pose risks, as these investors typically have more resources to analyze company fundamentals. Nonetheless, the company's strong financial performance, characterized by significant growth in operating profit and a low debt-to-equity ratio, supports its rising stock price.