Why is ITD Cem falling/rising?

As of 04-September, ITD Cementation India Ltd is experiencing a decline in its stock price, currently at Rs 709.90, which reflects a decrease of Rs 14.5 or 2.0%. Today's price summary indicates that the stock opened with a gain of 3.11% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 746.95 but also touched a low of Rs 706.25. Despite a positive long-term growth outlook, including a low debt-to-equity ratio and consistent positive results over the last 11 quarters, the stock has underperformed its sector today by 1.25%. Over the past month, the stock has declined by 8.26%, contrasting with a modest 0.80% increase in the Sensex.
In the broader market context, ITD Cementation's short-term performance has lagged behind the benchmark, with a 1-month return of -8.26% compared to the Sensex's -0.37%. However, the company has shown strong long-term returns, with a year-to-date increase of 31.68% and a remarkable 548.61% rise over the past three years. The recent increase in promoter confidence, with a 20.82% stake increase, suggests a positive outlook for the company's future, yet the current price movement reflects market volatility and investor sentiment that may be reacting to short-term fluctuations rather than long-term fundamentals.