Why is Suraj Estate falling/rising?

As of 28-Oct, Suraj Estate Developers Ltd is experiencing a price increase, currently at Rs 301.75, reflecting a rise of Rs 22.45 or 8.04%. The stock has been gaining momentum, having outperformed its sector by 9.74% today and achieving a consecutive gain over the last three days with a total return of 11.27%. Despite a significant decline of 55.64% over the past year, the company has seen a 35% increase in profits, which contributes to its attractive valuation indicated by a low PEG ratio of 0.6. However, the stock's long-term fundamentals are weak, evidenced by a negative operating cash flow and declining institutional investor participation, which may temper the enthusiasm surrounding its recent price movements.
In the broader market context, Suraj Estate's short-term performance of +9.45% over the past week significantly outpaces the Sensex, which has only increased by 0.24% in the same period. While the stock's recent gains are notable, it has still underperformed the benchmark over the longer term, with a year-to-date decline of 50.17% compared to the Sensex's rise of 8.30%. This disparity highlights the challenges the company faces in regaining investor confidence, despite the recent positive price action.