Why is ITD Cem falling/rising?

As of 01-Jul, ITD Cementation India Ltd is experiencing a decline in its stock price, currently at Rs. 904.15, which reflects a decrease of Rs. 30.05 or 3.22%. Despite this drop, the stock has shown strong performance over the past week, with a return of 11.24%, and an impressive 67.71% year-to-date increase. The stock hit a new 52-week high of Rs. 943.2 earlier today but has since underperformed its sector by 3.46%. The stock's recent trend reversal follows six consecutive days of gains, with today's intraday low reaching Rs. 900.05. Positive factors contributing to the stock's overall strength include high management efficiency, a low debt-to-equity ratio, and consistent positive results over the last ten quarters, which have attracted institutional investors. However, the stock's current valuation is considered expensive, which may be causing some investors to take profits after its recent highs.
Broader market context indicates that while ITD Cementation has outperformed the benchmark Sensex significantly over various periods, including a 26.70% return over the last month compared to the Sensex's 2.76%, the current decline may reflect a natural correction after a strong rally. The stock's liquidity remains healthy, with increased delivery volumes suggesting ongoing interest from investors. However, the combination of a high valuation and profit-taking behavior could be influencing the stock's short-term price movement, leading to the observed decline despite its strong long-term growth prospects.