Why is SRM Contractors falling/rising?

As of 30-Jul, SRM Contractors Ltd is experiencing a price increase, currently at Rs 460.85, reflecting a rise of 2.65 (0.58%). The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 4.57% during this period. Despite a recent decline of 4.22% over the past week and 7.33% over the past month, the stock has performed well year-to-date with a return of 15.66% and an impressive 70.91% increase over the past year. The company has reported strong financial results, including a significant growth in net sales and operating profit, which has contributed to its attractive valuation and positive investor sentiment, despite a recent decline in institutional investor participation.
In the broader market context, while the stock has outperformed the sector by 0.43% today, it is important to note that the benchmark, represented by the Sensex, has declined by 1.50% over the past week and 2.54% over the past month. This indicates that SRM Contractors is managing to maintain a positive trajectory even as the overall market faces challenges. The stock's ability to generate substantial returns compared to the negative performance of the broader market highlights its resilience and potential for continued growth, despite the noted decrease in institutional investor stakes.