Why is SRM Contractors falling/rising?

As of 17-Jul, SRM Contractors Ltd is experiencing a price increase, currently at Rs. 510.00, which reflects a rise of 8.0 points or 1.59%. The stock has recently hit a new 52-week and all-time high of Rs. 521.4, showcasing strong performance today with an intraday high of 3.86%. Over the past week, the stock has gained 5.05%, and it has outperformed its sector by 1.82%. Additionally, SRM Contractors has shown impressive returns over various periods, including a 145.19% increase over the past year, significantly surpassing the market's return of 1.91%. The company has also reported strong financial results, with a notable growth in operating profit and a low debt-to-equity ratio, contributing to its strong buy sentiment.
In the broader market context, while the Sensex has seen a decline of 1.12% over the past week, SRM Contractors has managed to rise, indicating its resilience and strong market position. However, there is a concern regarding falling participation from institutional investors, who have reduced their stake by 0.91% in the previous quarter. This decline in institutional interest could pose risks, as these investors typically have more resources to analyze company fundamentals compared to retail investors. Despite this, the stock's strong performance and positive financial indicators suggest that it remains attractive to investors.