Why is J K Cements falling/rising?

As of 07-Jul, J K Cements Ltd is experiencing a price increase, with the current price at Rs 6,244.50, reflecting a rise of Rs 19.0 or 0.31%. The stock has shown strong performance, being only 4.08% away from its 52-week high of Rs 6,499. It has outperformed its sector by 1.17% today and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.84%, and it has delivered impressive returns of 48.08% over the last year, significantly outperforming the BSE500 index. Positive financial results declared in March 2025, including a substantial increase in profit before tax and high cash reserves, have likely contributed to the stock's upward momentum. However, a notable decline in investor participation, with delivery volume dropping by 85.79% against the 5-day average, may raise concerns about future trading activity.
In the broader market context, J K Cements has outperformed the Sensex, which has seen a slight decline of 0.20% over the past week. The stock's strong performance in both the short and long term, with a year-to-date return of 35.87% compared to the Sensex's 6.79%, indicates robust investor confidence. The high institutional holdings at 40.64% suggest that informed investors are backing the stock, which may further bolster its price stability and growth potential. Overall, the combination of positive financial results, strong historical performance, and institutional support contributes to the stock's rising price, despite the recent drop in trading volume.