Why is J K Cements falling/rising?

As of 18-Jul, J K Cements Ltd is experiencing a price increase, currently at Rs 6,483.00, reflecting a rise of 92.95 or 1.45%. The stock has recently hit a new 52-week high of Rs 6,668, demonstrating strong performance with an intraday high of 4.35%. Over the past week, the stock has gained 1.06%, and it has shown impressive returns of 10.61% over the last month and 41.06% year-to-date. Despite a recent decline in delivery volume, which fell by 42.01% against the 5-day average, the stock remains liquid enough for trading. The company has reported positive results after two consecutive quarters of losses, with a strong operating profit to interest ratio and a low debt-equity ratio, contributing to investor confidence.
In the broader market context, J K Cements has outperformed the Sensex, which has seen a decline of 0.90% over the past week, while the stock has shown resilience and growth. The stock's long-term performance is also noteworthy, with a 47.96% increase over the past year, significantly surpassing the benchmark's 0.51% gain. High institutional holdings at 40.64% suggest that informed investors are backing the stock, further supporting its upward momentum. Overall, the combination of strong financial results, positive market sentiment, and outperformance against benchmarks has contributed to the stock's rising price.