Why is India Cements falling/rising?

As of 07-Jul, India Cements Ltd is experiencing a price increase, currently at 345.90, reflecting a change of 3.05 or 0.89% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a recent drop in delivery volume, which fell by 63.89% against the 5-day average, the stock has outperformed its sector by 1.84%. Over the past year, it has generated a return of 21.39%, significantly outperforming the BSE500 over the last three years, one year, and three months. The recent increase in promoter confidence, with a 26% rise in their stake, suggests strong belief in the company's future, although the company faces challenges such as operating losses and a negative EBITDA.
In the broader market context, India Cements' short-term performance over the past week shows a gain of 0.29%, while the Sensex has declined by 0.20%, indicating that the stock is outperforming the benchmark in this timeframe. However, the company's year-to-date performance is concerning, with a decline of 8.12% compared to the Sensex's increase of 6.79%. This juxtaposition highlights the stock's volatility and the risks associated with its weak long-term fundamentals, including a poor EBIT to Interest ratio and low profitability per unit of shareholder funds. Despite the positive short-term movements, the underlying financial challenges may pose risks for sustained growth.