Why is India Cements falling/rising?

As of 11-Jul, India Cements Ltd is currently priced at 346.20, reflecting a decrease of 0.7, or 0.2%. The stock has been experiencing a downward trend, having lost 0.92% over the last three days. Despite this recent decline, India Cements has shown resilience in its longer-term performance, with a 13.47% return over the past year and a significant 102.16% increase over the last three years. However, the company faces challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -0.21. While promoter confidence has risen with a 26% increase in their stake, the company’s profitability remains low, with a return on equity of only 0.99%.
In the broader market context, India Cements has outperformed the benchmark Sensex in the short term, with a 1-week return of +0.98% compared to the Sensex's -1.12%. However, the stock's liquidity has decreased, with a notable drop in delivery volume by 29.88% against the 5-day average, which may indicate waning investor interest. Despite the positive sentiment from rising promoter stakes and consistent returns over the past three years, the stock's recent performance is overshadowed by its weak fundamentals and negative EBITDA, which contribute to its current price decline.