Why is ACC falling/rising?

As of 05-Aug, ACC Ltd's stock price is currently at 1,807.80, reflecting an increase of 17.65 or 0.99%. Despite this positive movement today, the stock has shown a significant decline over the past month, down 7.96%, and has underperformed against the benchmark Sensex, which is down only 3.26% in the same period. The stock is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.81% away from Rs 1,775.05. The recent drop in delivery volume by 37.24% against the 5-day average suggests a decrease in investor participation, which could further pressure the stock price. While the company has a low debt-to-equity ratio and attractive valuation metrics, these positive factors are overshadowed by its consistent underperformance against the benchmark over the last three years.
Broader Market Context: In the context of the broader market, ACC Ltd has struggled significantly, with a year-to-date return of -11.97% compared to the Sensex's gain of 3.29%. This stark contrast highlights the stock's ongoing challenges, particularly given its flat results in the latest quarter, where profit after tax fell by 35.1% compared to the previous four-quarter average. The high institutional holdings at 28.94% indicate that knowledgeable investors are backing the company, yet the persistent underperformance and declining returns over the past year suggest that market sentiment remains cautious. Overall, while there are some attractive valuation aspects, the stock's recent performance and broader market context point to ongoing challenges that may hinder its recovery.