Why is ITD Cem falling/rising?

As of 26-Jun, ITD Cementation India Ltd's stock price is rising, currently at 877.10, reflecting an increase of 8.1 (0.93%). The stock has recently hit a new 52-week and all-time high of Rs. 887, and it has been on a consecutive gain streak for the last four days, with a total return of 9.64% during this period. The stock has outperformed its sector by 0.26% today, and it is trading above all its key moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 119.54% against the five-day average. The company's strong fundamentals, including a high return on capital employed (ROCE) of 23.02%, low debt-to-equity ratio, and consistent positive results over the last ten quarters, contribute to the stock's upward momentum.
In the broader market context, ITD Cementation has outperformed the Sensex significantly, with a one-week return of 8.18% compared to the Sensex's 2.94%, and a year-to-date return of 62.70% against the Sensex's 7.19%. This strong performance indicates robust investor confidence in the company relative to the overall market. While the stock's valuation appears expensive with a PEG ratio of 1.1, its consistent returns and high institutional holdings suggest that it remains an attractive investment despite potential valuation concerns.