Why is ITD Cem falling/rising?

As of 25-Jun, ITD Cementation India Ltd is experiencing a price increase, currently at Rs. 869.00, which reflects a rise of Rs. 56.2 or 6.91%. The stock has recently hit a new 52-week and all-time high of Rs. 873, and it has outperformed its sector by 6.47%. Over the past three days, the stock has gained 8.63%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong performance with a 61.19% year-to-date return and a remarkable 1248.33% increase over the last three years. Positive factors contributing to this rise include high management efficiency, a low debt-to-equity ratio, and consistent growth in net sales and operating profit. Additionally, the company has reported positive results for the last ten consecutive quarters, which has likely bolstered investor confidence.
In the broader market context, ITD Cementation's short-term return of 8.35% over the past week significantly outpaces the Sensex's return of 1.61%, indicating strong relative performance. The stock's liquidity remains adequate, although there has been a decline in delivery volume, suggesting a potential decrease in investor participation. Despite the stock's expensive valuation and high PEG ratio, the strong institutional holdings at 20.1% may provide a buffer against volatility, as these investors typically have better resources for analyzing company fundamentals. Overall, the combination of positive financial metrics and strong recent performance has contributed to the stock's upward movement.