Why is SRM Contractors falling/rising?

As of 02-Jul, SRM Contractors Ltd is experiencing a price increase, currently at Rs 501.40, which reflects a rise of 2.85 (0.57%). The stock has been gaining momentum, having outperformed its sector by 0.63% today and showing a consecutive gain over the last three days with a total return of 5.09%. It is also trading close to its 52-week high, just 1.12% away from Rs 507. Over the past week, the stock has risen by 2.33%, and in the last month, it has shown a significant increase of 10.92%. The company has reported strong financial performance, with a 41.41% annual growth rate in operating profit and a remarkable 184.00% return over the past year, which is substantially higher than the market average.
In the broader market context, SRM Contractors' recent performance has outpaced the benchmark, with a 1-year return of 184.00% compared to the Sensex's 5.00%. However, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 0.91% in the last quarter, potentially affecting future stock performance. Despite this, the company's low debt-to-equity ratio and strong operating profit growth contribute positively to its valuation and market confidence, indicating that the stock's upward movement is supported by solid fundamentals, even as liquidity concerns arise due to a decrease in delivery volume.