Why is India Cements falling/rising?

As of 03-Sep, India Cements Ltd's stock price is rising, currently at 403.60, reflecting an increase of 17.8 or 4.61%. The stock has recently hit a new 52-week high of Rs 406.4 and has outperformed its sector by 3.93%. Over the last three days, the stock has gained 5.12%, and it is trading above all key moving averages, indicating strong short-term momentum. However, there are concerns regarding the company's long-term fundamentals, including a significant decline in operating profits and a negative EBITDA, which may temper investor enthusiasm despite recent gains.
In the broader market context, India Cements has shown a robust performance compared to the Sensex, with a 1-week return of +5.46% against the benchmark's -0.27%, and a 1-month return of +11.26% compared to the Sensex's -0.04%. This strong short-term performance highlights the stock's resilience in a challenging market environment. Nevertheless, the company's weak ability to service its debt and low profitability metrics could pose risks moving forward, suggesting that while the stock is currently rising, underlying issues may affect its sustainability in the long run.