Why is SRM Contractors falling/rising?

As of 30-Jun, SRM Contractors Ltd is experiencing a price increase, currently at Rs 497.30, reflecting a rise of Rs 20.2 or 4.23%. The stock has shown strong performance today, opening with a gain of 3.34% and reaching an intraday high of Rs 505.3, which is only 1.95% away from its 52-week high. Over the past week, the stock has risen by 2.54%, and it has significantly outperformed the sector by 3.84%. The company has demonstrated robust financial health, with a low debt-to-equity ratio and impressive growth in operating profit, which has contributed to a remarkable 179.38% return over the past year, far exceeding the market's 5.79% return.
In the broader market context, SRM Contractors' short-term performance has outpaced the benchmark Sensex, which increased by 2.09% over the same week. However, 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 the company's fundamentals. Despite this, the stock's strong financial results and market-beating performance have likely contributed to its rising price.