Why is Suraj Estate falling/rising?

As of 21-Aug, Suraj Estate Developers Ltd is experiencing a price increase, currently at Rs 333.50, reflecting a rise of Rs 11.5 or 3.57%. The stock has shown strong performance recently, gaining 18.68% over the past week and outperforming its sector by 3.05% today. It has been on a consecutive gain streak for the last three days, reaching an intraday high of Rs 344.9. Despite a significant decline of 57.62% over the past year, the company's profits have increased by 35%, and it has a favorable PEG ratio of 0.7, indicating potential for growth. However, the stock has also faced challenges, including a decrease in institutional investor participation and mixed quarterly results, which may temper investor enthusiasm.
In the broader market context, Suraj Estate's recent performance contrasts sharply with the benchmark Sensex, which has only increased by 1.74% over the past week. While the stock has shown positive short-term returns, it has underperformed significantly over the past year compared to the market, which has seen a decline of just 1.56%. This disparity highlights the stock's volatility and the challenges it faces in regaining investor confidence, particularly given the recent reduction in institutional stakes and the mixed financial results reported.