Why is Ambuja Cements falling/rising?

As of 18-Aug, Ambuja Cements Ltd is experiencing a price increase, currently at 590.15, reflecting a rise of 11.55 or 2.0%. Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 603.05, which is a 4.23% increase. Despite this positive movement, the stock underperformed its sector by 1.1%. Over the past week, the stock has shown a modest gain of 0.28%, but it has declined by 0.98% over the past month. Year-to-date, however, it has outperformed with a 10.21% increase compared to the benchmark's 4.01%. The company benefits from a low debt-to-equity ratio and strong financial results, including a significant growth in profit before tax and net sales, which may contribute to investor confidence.
Broader market context shows that while Ambuja Cements has had a positive year-to-date performance, it has underperformed the Sensex in the short term, particularly over the last week and month. The cement sector overall has gained by 3.1%, indicating a favorable environment for the industry, which could be supporting Ambuja's recent price rise. Additionally, rising investor participation, as evidenced by a 53.58% increase in delivery volume, suggests growing interest in the stock, further enhancing its liquidity and attractiveness to investors.