Why is ITD Cem falling/rising?

As of 11-Jul, ITD Cementation India Ltd is experiencing a decline in its stock price, currently at 873.00, reflecting a decrease of 7.1 points or 0.81%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total decline of 3.38% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable increase of 76.67% over the past year and an impressive 1114.19% over the last three years. However, today's trading activity indicates a drop in investor participation, with delivery volume decreasing by 14% compared to the five-day average, which may contribute to the current price movement. The company maintains a high management efficiency with a return on capital employed (ROCE) of 23.02% and has consistently delivered positive results over the last ten quarters, which supports its long-term growth outlook.
In the broader market context, ITD Cementation has outperformed the benchmark Sensex in the long term, but it has underperformed in the short term, with a 1-week return of -3.04% compared to the Sensex's decline of only 1.12%. This suggests that while the stock has strong fundamentals and a solid growth trajectory, the recent price drop may be influenced by broader market conditions and reduced trading activity. The stock's valuation appears expensive with a high enterprise value to capital employed ratio, which could also be a factor in the recent price decline, despite its low debt-to-equity ratio and healthy sales growth.