Why is ITD Cem falling/rising?

As of 05-Sep, ITD Cementation India Ltd's stock price is rising, currently at Rs 725.00, reflecting an increase of Rs 15.1 or 2.13%. The stock has outperformed its sector today by 2.74%, reaching an intraday high of Rs 727.55. Over the past week, the stock has gained 2.48%, while it has shown a significant year-to-date increase of 34.48%. The company has demonstrated strong financial health, with a low debt-to-equity ratio of 0.09 times and consistent positive results over the last 11 quarters. Additionally, the promoters have increased their stake by 20.82%, indicating confidence in the company's future.
Broader Market Context: In comparison to the benchmark Sensex, which has remained flat over the past month, ITD Cementation's stock has shown resilience and strong performance, particularly over the last three years, where it has generated returns of 533.74% compared to the Sensex's 36.23%. This outperformance, combined with rising investor participation and liquidity, suggests that the stock is gaining traction among investors, further supporting its upward price movement.