Why is SRM Contractors falling/rising?

As of 14-Nov, SRM Contractors Ltd is experiencing a significant rise in its stock price, currently at 633.90, reflecting an increase of 58.2 or 10.11%. The stock has reached a new 52-week and all-time high of Rs. 638 today, outperforming its sector by 9.97%. It opened with a gain of 4.22% and touched an intraday high of Rs. 638, indicating strong investor interest. Over the past week, the stock has risen by 10.63%, and year-to-date, it has generated a remarkable return of 59.09%. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 41.41%, and has reported positive results for the last three consecutive quarters, contributing to its strong performance.
In the broader market context, SRM Contractors has significantly outperformed the benchmark, with a one-year return of 132.16% compared to the BSE500's 8.00%. This substantial outperformance highlights the company's strong fundamentals, including a low debt-to-equity ratio and a fair valuation with a price-to-book value of 5.3. The rising investor participation, evidenced by a 29.12% increase in delivery volume, further supports the stock's upward momentum. Overall, the combination of positive financial results, strong market performance, and favorable investor sentiment has contributed to the stock's rising price.