Why is Sunteck Realty falling/rising?

As of 30-Oct, Sunteck Realty Ltd. is experiencing a price increase, currently at 451.35, reflecting a rise of 6.55 or 1.47%. The stock has shown strong performance recently, gaining 4.38% over the past week and outperforming its sector by 1.1%. It has been on a consecutive gain streak for the last five days, with an intraday high of Rs 456.75. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The significant increase in delivery volume, which rose by 165.41% against the 5-day average, suggests heightened investor interest. Furthermore, the high institutional holdings at 25.77% indicate that knowledgeable investors are backing the stock, which may contribute to its recent upward movement.
In the broader market context, Sunteck Realty's short-term return of +4.38% over the past week stands in contrast to the Sensex, which has seen a slight decline of -0.18%. While the stock has underperformed on a year-to-date basis with a decline of -10.66%, its recent gains suggest a potential recovery phase. The stock's performance over the last month, with an increase of +8.77%, also contrasts with the Sensex's +5.15%, indicating that Sunteck Realty is gaining traction relative to the broader market. Overall, the combination of strong recent performance, increased investor participation, and institutional backing appears to be driving the stock's price upward.