Why is SRM Contractors falling/rising?

As of 04-Aug, SRM Contractors Ltd is experiencing a price increase, currently at 470.00, which reflects a rise of 8.6 or 1.86%. The stock has shown strong performance today, outperforming its sector by 1.1% and reaching an intraday high of Rs 474.7, a 2.88% increase. Over the past week, the stock has gained 6.65%, while its year-to-date performance stands at a notable 17.96%. Despite a recent decline of 3.21% over the past month, the company has demonstrated robust long-term growth, with operating profit increasing at an annual rate of 41.41%. Positive results in the last two quarters and a high return on equity of 20 further support the stock's upward movement, although there has been a significant drop in delivery volume, indicating a potential concern regarding investor participation.
In the broader market context, SRM Contractors has outperformed the benchmark Sensex, which has only increased by 0.16% over the past week. While the stock has generated a remarkable return of 72.16% over the past year, the overall market has struggled, with the BSE500 index showing negative returns of -2.34% in the same period. However, the decrease in institutional investor participation, which has fallen by 0.89% in the last quarter, raises some caution as these investors typically have more resources to analyze company fundamentals. This decline in institutional interest could impact the stock's future performance despite its current rise.