Why is Subros falling/rising?

As of 16-Jun, Subros Ltd is experiencing a significant rise in its stock price, currently at Rs 997.25, reflecting an increase of 165.25 or 19.86%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 19.16%. Over the past week, Subros has shown a remarkable return of 28.72%, and it has consistently outperformed the benchmark Sensex over various periods, including a 51.36% increase over the last month and a 60.20% rise year-to-date. The company has maintained a low debt-to-equity ratio and has reported positive results for seven consecutive quarters, with record net sales and return on capital employed, which likely contributes to investor confidence and the stock's upward movement.
In the broader market context, while the Sensex has seen a slight decline of 0.79% over the past week, Subros has significantly outperformed this benchmark, indicating strong investor interest and confidence in the company despite a generally weak market. The high institutional holdings at 43.98% suggest that knowledgeable investors are backing the stock, further supporting its price increase. However, it is worth noting that there has been a decline in delivery volume, which may indicate a potential concern regarding investor participation in the stock's upward trend. Overall, the combination of strong financial performance and favorable market conditions has contributed to the rising stock price of Subros Ltd.