Why is ITD Cem falling/rising?

As of 27-Jun, ITD Cementation India Ltd is experiencing a price increase, currently at Rs. 889.50, reflecting a rise of Rs. 12.4 or 1.41%. The stock has recently hit a new 52-week and all-time high of Rs. 900, and it has outperformed its sector by 1.18%. Over the past five days, the stock has gained 11.19%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong financial health with a high return on capital employed (ROCE) of 23.02%, a low debt-to-equity ratio of 0.09, and consistent positive results over the last ten quarters. Additionally, the stock has shown impressive long-term growth, with net sales increasing at an annual rate of 26.03% and operating profit at 27.72%.
In the broader market context, ITD Cementation's short-term performance significantly outpaces the benchmark, with a 1-week return of 11.19% compared to the Sensex's 2.00%. This strong performance is supported by rising investor participation, as evidenced by a 40.88% increase in delivery volume. However, it is important to note that the stock is considered very expensive with a high valuation, indicated by a PEG ratio of 1.1, despite its strong returns. Overall, the combination of robust financial metrics, consistent performance, and favorable market conditions has contributed to the stock's rising price.