Why is Ambuja Cements falling/rising?

As of 17-Jul, Ambuja Cements Ltd is currently priced at 593.40, reflecting a decrease of 2.0 points or 0.34%. The stock has recently underperformed its sector by 0.44%, and it has experienced a trend reversal, falling after four consecutive days of gains. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 1.41% and 7.67%, respectively. Additionally, the company reported strong financial results in March, with a higher profit after tax and record net sales, which may have initially supported the stock's price. However, a notable decrease in delivery volume by 11.59% against the five-day average suggests a decline in investor participation, which could be contributing to the stock's current downward movement.
In the broader market context, Ambuja Cements has outperformed the Sensex over the past week and month, indicating that while the stock is facing short-term challenges, it has shown resilience in a longer-term perspective with a year-to-date return of 10.81% compared to the Sensex's 5.27%. The stock's strong performance over three and five years, with returns of 60.77% and 206.83%, respectively, highlights its potential for growth despite recent fluctuations. The high institutional holdings at 25.91% suggest that informed investors still have confidence in the company's fundamentals, which may provide some support against broader market volatility.