Why is Thakkers Develp. falling/rising?

As of 01-Oct, Thakkers Developers Ltd is experiencing a price increase, currently at Rs 156.85, reflecting a rise of 1.9 (1.23%). The stock has shown a positive trend over the last two days, gaining 5.02% in this period, despite opening with a loss of 2.74% today and touching an intraday low of Rs 150.1. The stock's performance over the past week has been negative at -2.40%, but it has outperformed the benchmark Sensex, which declined by 0.90%. The company has demonstrated strong financial health with a low debt-to-equity ratio of 0.04 and impressive growth in operating profit, net sales, and profit after tax over the last six months. However, the stock's valuation appears expensive compared to its peers, and it has underperformed significantly over the past year and three years.
Broader market context indicates that while Thakkers Developers Ltd has shown some short-term resilience, its long-term performance remains concerning, with a year-to-date return of -20.76% compared to the Sensex's gain of 3.64%. The stock's recent gains may be attributed to positive quarterly results and healthy growth metrics, but its overall underperformance relative to broader market indices suggests that investor sentiment may still be cautious. Additionally, falling investor participation, as indicated by a significant drop in delivery volume, could signal a lack of confidence among traders, which may impact future price movements.