Why is J K Cements falling/rising?

As of 26-Sep, J K Cements Ltd is experiencing a decline in its stock price, currently at Rs 6,337.95, reflecting a decrease of Rs 246.5 or 3.74%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -7.75% over the past week. Today's trading saw the stock touch an intraday low of Rs 6,300, indicating a significant drop of 4.32%. Additionally, the stock's delivery volume has decreased by 49.11% compared to the five-day average, suggesting a decline in investor participation. Despite these short-term challenges, the company has shown strong financial performance in the past, with notable growth in profit before tax and profit after tax in the latest quarter, alongside high institutional holdings which may provide some stability.
In the broader market context, J K Cements' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 2.66% over the same one-week period. This underperformance highlights the stock's vulnerability in the current market environment, as it has also lagged behind the benchmark in the short term, with a one-month return of -8.69% compared to the Sensex's -0.45%. However, it is worth noting that the stock has delivered impressive returns year-to-date and over the past three years, outperforming the broader market significantly. This long-term performance may provide some reassurance to investors despite the recent downturn.