Why is ITD Cem falling/rising?

As of 22-Aug, ITD Cementation India Ltd is experiencing a price increase, currently at Rs 765.95, reflecting a rise of 5.0 points or 0.66%. Today's price summary indicates that the stock has outperformed its sector by 0.84% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 778.5. Despite a recent drop in delivery volume by 25.06% against the five-day average, the stock remains liquid enough for trading. Over the past year, ITD Cementation has generated a return of 39.26%, significantly outperforming the BSE500 index in each of the last three annual periods, and has shown healthy long-term growth with net sales increasing at an annual rate of 29.36%.
In the broader market context, the stock's short-term performance over the past week shows a decline of 0.24%, while the benchmark Sensex has increased by 0.88%. This indicates that while the stock has faced some short-term challenges, its long-term fundamentals remain strong, supported by a low debt-to-equity ratio and consistent positive results over the last 11 quarters. Additionally, the rising confidence from promoters, who have increased their stake by 20.82%, further bolsters the stock's outlook, suggesting that the recent price movement may reflect a recovery from short-term volatility rather than a fundamental weakness.