Why is ITD Cem falling/rising?

As of 09-Jul, ITD Cementation India Ltd's stock price is rising, currently at Rs 903.50, reflecting an increase of Rs 42.1 or 4.89%. The stock has shown a trend reversal, gaining after four consecutive days of decline and outperforming its sector by 4.9%. It is also trading close to its 52-week high, just 4.39% away from Rs 943.2. Over the past month, the stock has appreciated by 19.01%, significantly outperforming the Sensex, which has only risen by 1.32%. The company has demonstrated 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, contributing to investor confidence and driving the stock's recent upward movement.
In the broader market context, while ITD Cementation has experienced a decline of 2.74% over the past week, it has significantly outperformed the benchmark Sensex, which has seen a slight increase of 0.15%. The stock's long-term performance is impressive, with returns of 82.23% over the past year and 1182.47% over three years, indicating strong growth relative to the market. However, there are concerns regarding its high valuation metrics, such as a PEG ratio of 1.2, which may pose risks if the company's growth does not meet expectations. Despite these risks, the high institutional holdings suggest that knowledgeable investors continue to support the stock, reflecting a positive outlook amidst the volatility.