Why is ITD Cem falling/rising?

As of 29-Aug, ITD Cementation India Ltd's stock price is currently at 707.45, reflecting an increase of 3.4 (0.48%). Today, the stock has shown a trend reversal by gaining after three consecutive days of decline, opening with a gain of 2.1% and reaching an intraday high of Rs 719.35. Despite this positive movement, the stock underperformed its sector by 0.68%. Over the past week, the stock has experienced a decline of 7.64%, but it has demonstrated strong long-term growth with a year-to-date return of 31.23% and a remarkable 576.66% increase over the past three years. The company's low debt-to-equity ratio, healthy growth in net sales and operating profit, and consistent positive quarterly results contribute to a favorable outlook, bolstered by rising promoter confidence as they have increased their stake by 20.82%.
Broader market context indicates that while ITD Cementation has outperformed the benchmark Sensex significantly over the long term, it has faced short-term challenges, as evidenced by its recent underperformance relative to the benchmark, which has declined by 1.84% over the past week. The stock's recent price increase may be attributed to rising investor participation, as indicated by an 11.67% increase in delivery volume, suggesting renewed interest despite the recent downturn. Overall, while the stock is experiencing a positive movement today, its recent performance relative to the benchmark highlights the volatility and challenges it faces in the current market environment.