Why is SRM Contractors falling/rising?

As of 18-Jul, SRM Contractors Ltd is experiencing a price increase, currently at Rs 514.80, reflecting a rise of 4.8 (0.94%). The stock has recently hit a new 52-week high of Rs 530.55 and has outperformed its sector by 1.17%. Over the past three days, the stock has gained 6.98%, contributing to a remarkable year-to-date return of 29.20%. The company has shown strong financial performance, with operating profit growing at an annual rate of 41.41% and a return on equity (ROE) of 20, indicating attractive valuation metrics. However, there is a slight concern regarding falling participation from institutional investors, who have reduced their stake by 0.91% in the last quarter.
In the broader market context, SRM Contractors has significantly outperformed the benchmark Sensex, which has seen a decline of 0.90% over the past week, while SRM Contractors has risen by 7.81%. This trend of strong performance is further highlighted by the stock's ability to generate a return of 146.20% over the past year, contrasting sharply with the negative returns of -0.36% from the broader BSE500 index. The stock's consistent gains and positive financial results suggest a robust market position, despite the noted decrease in institutional investor participation.