Why is ITD Cem falling/rising?

As of 26-Aug, ITD Cementation India Ltd's stock price is currently at 725.55, reflecting a decline of 36.0 points or 4.73%. The stock has been underperforming, having fallen consecutively over the last two days, resulting in a total drop of 5.27%. Additionally, the stock has experienced a significant decrease in trading volume, with delivery volume falling by 32.74% against the 5-day average. Despite these short-term challenges, the company has shown strong long-term growth, with net sales increasing at an annual rate of 29.36% and operating profit at 35.37%. Promoter confidence is also rising, as they have increased their stake by 20.82%, indicating a positive outlook for the company's future.
In the broader market context, ITD Cementation's short-term performance has been notably weaker than the benchmark, with a 1-week return of -8.61% compared to the Sensex's -1.05%. This underperformance highlights the stock's struggles in the current market environment. However, it is important to note that the company has consistently delivered positive results over the past 11 quarters and has outperformed the BSE500 in each of the last three annual periods, which may provide some reassurance to investors despite the recent price decline.