Why is SRM Contractors falling/rising?

As of 14-Jul, SRM Contractors Ltd is experiencing a price increase, currently at Rs 482.35, reflecting a rise of 4.85 (1.02%). Today's price summary indicates that the stock has outperformed its sector by 1.25% and has shown a trend reversal after two consecutive days of decline. Despite opening with a loss of 3.02% and touching an intraday low of Rs 457.75, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong financial performance, with an operating profit growth rate of 41.41% and a return on equity (ROE) of 20, contributing to its attractive valuation. However, there is a noted decrease in institutional investor participation, which may pose a risk to its future performance.
In the broader market context, the stock has shown a positive return of 11.78% over the past month, significantly outperforming the Sensex, which has only increased by 1.40% during the same period. Over the past year, SRM Contractors has generated a remarkable return of 131.12%, far exceeding the market's return of 2.15%. This strong performance highlights the company's ability to deliver substantial growth compared to the broader market, although the recent decline in institutional investor stakes could indicate potential caution among more sophisticated investors.