Why is Deccan Cements falling/rising?

As of 21-Aug, Deccan Cements Ltd. is experiencing a price increase, currently at Rs 1,063.00, reflecting a rise of Rs 15.0 or 1.43%. The stock has shown strong performance today, outperforming its sector by 1.65% and reaching an intraday high of Rs 1,084.2, which is a 3.45% increase. Over the past year, the stock has generated a substantial return of 58.66%, significantly outperforming the BSE500 index over various time frames, including 1 year and 3 years. However, it is important to note that despite this impressive return, the company's profits have declined by 44.9%, indicating potential concerns about sustainability. The stock is currently trading above all key moving averages, suggesting a positive trend, although there has been a decrease in investor participation, with delivery volume falling by 10.83% compared to the 5-day average.
In the broader market context, Deccan Cements' short-term return of 1.45% over the past week is slightly below the Sensex's return of 1.74%, indicating that while the stock is performing well, it is not keeping pace with the overall market in the immediate term. Nevertheless, the company's year-to-date return of 68.50% far exceeds the Sensex's 4.94%, highlighting its strong long-term performance. The stock's fair valuation, as indicated by its return on capital employed (ROCE) and enterprise value to capital employed ratio, suggests it is trading at a discount compared to peers, which may attract investors despite the recent profit decline. Overall, the combination of strong historical performance and current price movements suggests a positive outlook for Deccan Cements, even as it faces challenges with profit margins.