Why is Heidelberg Cem. falling/rising?

As of 02-Jul, HeidelbergCement India Ltd's stock price is rising, currently at 214.20, reflecting an increase of 9.15 or 4.46%. The stock has shown a positive trend today, outperforming its sector by 3.08% and reversing a two-day decline. It reached an intraday high of Rs 216.65, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decrease in delivery volume by 32.27% against the 5-day average, the stock benefits from a high dividend yield of 3.9%. Over the past week, it has gained 5.96%, and in the last month, it has increased by 8.87%, although it has underperformed over the past year with a return of -6.22%. The company recently reported positive results after two consecutive negative quarters, which may have contributed to the stock's upward movement.
In the broader market context, HeidelbergCement's short-term performance has significantly outpaced the Sensex, which has only increased by 0.79% over the past week. The stock's recent rise can also be attributed to increasing participation from institutional investors, who have raised their stake by 0.56% in the last quarter, indicating growing confidence in the company's fundamentals. However, it is important to note that while the stock is trading at a premium compared to its peers, its profits have declined by 36.4% over the past year, which could pose a risk to sustained growth. Overall, the combination of positive earnings reports and institutional interest appears to be driving the stock's current upward trajectory.