Why is ITD Cem falling/rising?

As of 15-Jul, ITD Cementation India Ltd's stock price is currently at Rs 862.90, reflecting an increase of 1.25 (0.15%). The stock has shown a trend reversal, gaining after three consecutive days of decline, and reached an intraday high of Rs 889.8, representing a 3.27% increase. Over the past week, the stock has performed slightly better than the benchmark, with a return of +0.17% compared to the Sensex's -1.36%. Despite a decrease in investor participation, as indicated by an 11.62% drop in delivery volume, the stock remains liquid enough for trading. The company has demonstrated strong financial health, with a high return on capital employed (ROCE) of 23.02%, low debt-to-equity ratio, and consistent positive results over the last ten quarters, which supports its upward price movement.
Broader market context indicates that while the stock has outperformed the Sensex significantly over the past year, with a return of 72.80% compared to the benchmark's 2.36%, it is currently trading at a high valuation with a PEG ratio of 1.1. This suggests that while the stock has shown impressive growth, it may be perceived as expensive relative to its earnings growth. The stock's performance over the last three years has been exceptional, with a return of 1052.07%, indicating strong long-term growth potential. However, the recent decline in delivery volume and high valuation could pose risks that investors should consider, even as the stock continues to show resilience in a challenging market environment.