Why is ITD Cem falling/rising?

As of 02-Jul, ITD Cementation India Ltd is experiencing a price increase, currently at 929.00, which reflects a rise of 24.85 or 2.75%. The stock has shown strong performance, with a 1-week return of 6.90% and a 1-month return of 25.52%, significantly outperforming the Sensex, which has only increased by 0.79% and 2.50% over the same periods, respectively. Additionally, the stock is trading close to its 52-week high, just 1.53% away from 943.2, and has outperformed its sector by 3.83% today. Despite a slight decline in investor participation, the stock's strong fundamentals, including high management efficiency, low debt-to-equity ratio, and consistent positive results over the last 10 quarters, contribute positively to its recent upward movement.
In the broader market context, ITD Cementation's impressive year-to-date return of 72.32% and a 3-year return of 1351.56% further highlight its strong performance relative to the benchmark, which has only gained 6.75% in the same timeframe. While the stock is trading at a premium valuation with a high ROCE of 32.4, it remains attractive due to its consistent returns and high institutional holdings at 20.1%, indicating confidence from sophisticated investors. Overall, the combination of strong financial metrics and positive market sentiment is driving the stock's rise, despite some concerns regarding valuation and declining delivery volumes.