Why is Andhra Cements falling/rising?

As of 22-Aug, Andhra Cements Ltd is currently priced at 73.50, reflecting an increase of 1.25 or 1.73%. Despite this positive movement today, the stock opened with a loss of 4.42% and reached an intraday low of Rs 69.06. Over the past week, the stock has outperformed its sector by 3.96%, with a notable 16.69% increase, while its one-month performance shows a 7.63% rise. However, the company faces significant challenges, including a high debt-to-equity ratio of 5.09 times, which indicates weak long-term fundamental strength. Although recent financial results showed a higher net profit and a significant drop in raw material costs, the stock has underperformed the market over the past year, with a return of -21.92% compared to the BSE500's -2.49%.
In the broader market context, Andhra Cements' short-term performance has been strong relative to the benchmark, particularly over the last week, but it has struggled in the longer term. The cement sector overall has declined by 2.18%, indicating a challenging environment. Additionally, the stock's liquidity is adequate for trading, but a significant drop in delivery volume suggests falling investor participation, which could further pressure the stock. The presence of pledged promoter shares adds to the risk, as it may lead to additional downward pressure in a declining market. Overall, while there are some positive indicators, the stock's high debt and poor long-term growth prospects contribute to a cautious outlook.