Why is ITD Cem falling/rising?

As of 03-Sep, ITD Cementation India Ltd is experiencing a price increase, currently at Rs 724.40, reflecting a rise of Rs 16.35 or 2.31%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 4.23% during this period. It has outperformed its sector by 1.61% today and reached an intraday high of Rs 733.9. Despite a recent decline in delivery volume, which fell by 32.55% against the 5-day average, the stock remains liquid enough for trading. Over the longer term, ITD Cementation has demonstrated strong performance with a year-to-date return of 34.37% and a remarkable 561.85% increase over the past three years, significantly outperforming the benchmark Sensex.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.16% compared to the Sensex's -0.27%. The company's low debt-to-equity ratio of 0.09 times, consistent growth in net sales and operating profit, and positive results over the last 11 quarters contribute to a favorable outlook. Additionally, the increase in promoter stake by 20.82% indicates rising confidence in the company's future, further supporting the stock's upward movement. Overall, these factors suggest a strong foundation for ITD Cementation, contributing to its recent price rise despite some short-term volatility in trading volume.