Why is Ambuja Cements falling/rising?

As of 08-Jul, Ambuja Cements Ltd is currently priced at 589.95, reflecting a decrease of 2.05, or 0.35%. The stock has been underperforming the sector, having fallen for the last two days, resulting in a total decline of 0.8% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 1.72% and 6.23%, respectively. However, it has a negative return of 13.66% over the past year. The company benefits from a low debt-to-equity ratio and has reported strong financial results, including a significant growth in PAT and net sales, which may support its long-term stability despite the current price drop.
In the broader market context, Ambuja Cements' recent performance contrasts with the Sensex, which has only seen a marginal increase of 0.02% over the past week. While the stock has outperformed the benchmark over the longer term, including a 60.09% return over three years compared to the Sensex's 53.65%, the recent decline indicates a short-term weakness. The falling investor participation, as evidenced by a 4.67% drop in delivery volume against the five-day average, may also contribute to the stock's current struggles, suggesting a cautious sentiment among investors despite the company's solid fundamentals.