Why is ACC falling/rising?

As of 28-Aug, ACC Ltd's stock price is currently at 1,800.30, reflecting a slight increase of 1.4 points or 0.08%. The stock has recently experienced a trend reversal, gaining after four consecutive days of decline. However, it remains close to its 52-week low, just 1.4% away from Rs 1,775.05. Over the past week, ACC has underperformed the benchmark Sensex, with a decline of 2.58% compared to the Sensex's 2.34%. Despite the recent uptick, the stock has shown a significant underperformance over the past year, with a return of -22.75%, while its profits have increased by 16.5%. The company has a low debt-to-equity ratio and a favorable price-to-book value, indicating an attractive valuation relative to its peers, but the recent flat results and declining investor participation may be contributing to the stock's volatility.
In the broader market context, ACC's short-term performance has lagged behind the benchmark, as evidenced by its negative returns over the past week and month compared to the Sensex. The stock's consistent underperformance over the last three years, alongside high institutional holdings at 28.94%, suggests that while institutional investors may have confidence in the company's fundamentals, retail investors may be more cautious. The stock's liquidity remains adequate, but the falling delivery volume indicates a potential decrease in retail interest. Overall, while there are some positive factors supporting the stock's valuation, the recent performance metrics and broader market trends suggest a cautious outlook for ACC Ltd.