Why is J K Cements falling/rising?

As of 20-Aug, J K Cements Ltd is experiencing a price increase, currently at Rs 7,525.00, reflecting a rise of Rs 132.15 or 1.79%. The stock has recently hit a new 52-week and all-time high of Rs 7,565, demonstrating strong performance with an intraday high of 2.33%. Over the past week, the stock has gained 8.7%, outperforming the sector by 1.53%. Additionally, J K Cements has shown impressive returns over various periods, including a 75.29% increase over the past year and a remarkable 177.71% over the last three years. Positive financial results, including a significant growth in profit before tax and profit after tax, along with high institutional holdings at 40.62%, contribute to the stock's upward momentum. However, concerns about its valuation, indicated by a high enterprise value to capital employed ratio and a relatively low return on capital employed, may temper some investor enthusiasm.
In the broader market context, J K Cements' short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.64% over the past week. This stark contrast highlights the stock's strong position relative to the market. While the stock's liquidity remains adequate for trading, a decline in delivery volume suggests a potential decrease in investor participation. Overall, the combination of strong financial results, consistent returns, and high institutional interest supports the stock's rising trend, despite some valuation concerns that could impact future performance.