Why is J K Cements falling/rising?

As of 24-Sep, J K Cements Ltd is experiencing a decline in its stock price, currently at 6,655.50, reflecting a decrease of 189.15 points or 2.76%. The stock has underperformed its sector by 1.74% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.13% during this period. Additionally, the stock's performance over the past week shows a decrease of 1.49%, while it has fallen 2.73% over the last month. Despite a strong year-to-date return of 44.82%, the stock's recent movement is concerning, particularly with a significant drop in delivery volume by 83.05% compared to the five-day average, indicating falling investor participation. The stock is currently trading above its 100-day and 200-day moving averages but below its shorter-term moving averages, suggesting mixed signals in terms of momentum.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has seen a slight increase of 0.50% over the past month. While J K Cements has shown strong institutional support with holdings at 40.62% and has delivered consistent returns over the last three years, the recent price decline may reflect market sentiment and investor caution despite positive financial results reported in June. The company's strong growth in profit before tax and cash reserves indicates solid fundamentals, yet the current market dynamics and declining trading volume may be contributing to the stock's recent downward trajectory.