Why is India Cem. Cap. falling/rising?

As of 19-Sep, India Cements Capital Ltd's stock price is currently at 17.48, reflecting an increase of 0.36 or 2.1%. The stock has shown a positive trend today, outperforming its sector by 2.25% and reversing a three-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential upward momentum. However, the stock has a weak long-term fundamental strength, with an average Return on Equity (ROE) of only 3.51% and a significant decline in profits by 70.8% over the past year. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 24.79% in the last quarter, which may signal concerns about the company's future prospects.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of 1.63% and 6.59%, respectively, compared to the Sensex's 0.88% and 1.20%. However, it has underperformed significantly over the year, with a decline of 15.31% against the Sensex's minor drop of 0.67%. This disparity highlights the stock's struggles despite recent short-term gains, suggesting that while there may be some positive movement, the overall sentiment remains cautious due to its long-term performance and declining promoter confidence.