Why is J K Cements falling/rising?

As of 08-Jul, J K Cements Ltd is experiencing a price increase, currently at Rs 6,296.00, reflecting a rise of Rs 51.5 or 0.82%. The stock has shown strong performance, gaining 2.73% over the past week and 7.13% over the last month, significantly outperforming the Sensex, which has only increased by 0.02% and 1.85% in the same periods, respectively. The stock is trading above all its moving averages, indicating a positive trend, and has been gaining for the last two days with a total return of 1.13%. Additionally, the company has reported positive financial results after two consecutive negative quarters, with significant growth in operating profit and cash reserves, which has likely bolstered investor confidence.
In the broader market context, J K Cements' performance has outpaced the benchmark indices, demonstrating a market-beating return of 49.36% over the past year compared to the Sensex's 4.69%. The stock's liquidity is also favorable, with a delivery volume increase of 9.28% against the five-day average, suggesting rising investor participation. High institutional holdings at 40.64% further support the stock's stability, as these investors typically conduct thorough analyses of company fundamentals, which can enhance market confidence in the stock's future performance.