Why is ITD Cem falling/rising?

As of 08-Jul, ITD Cementation India Ltd is currently priced at 861.40, reflecting a decrease of 10.6 points or 1.22%. The stock has been underperforming, having lost 7.28% over the last four days, and it has also underperformed its sector by 1.81% today. Despite this recent decline, the stock has shown strong performance over the longer term, with a 59.78% increase year-to-date and an impressive 89.49% rise over the past year. Positive factors contributing to the stock's appeal include high management efficiency with a return on capital employed (ROCE) of 23.02%, a low debt-to-equity ratio, and consistent growth in net sales and operating profit. However, the stock is considered expensive with a high valuation and a PEG ratio of 1.1, which may be causing some investor caution.
In the broader market context, the stock's short-term performance has been notably weaker compared to the Sensex, which has seen a slight increase of 0.02% over the past week. While ITD Cementation has outperformed the benchmark significantly over the longer term, the recent consecutive declines may reflect market corrections or profit-taking by investors after a strong run. The rising investor participation, indicated by an increase in delivery volume, suggests that there is still interest in the stock despite its recent downturn, which could indicate potential for recovery in the future.