Why is J K Cements falling/rising?

As of 03-Nov, J K Cements Ltd is experiencing a decline in its stock price, currently at Rs 5,897.50, reflecting a decrease of Rs 317.0 or 5.1%. The stock has been underperforming, having lost 8.03% over the last four days, and today it underperformed its sector by 5.01%. The stock reached an intraday high of Rs 6,363 but fell to a low of Rs 5,860, indicating high volatility with an intraday fluctuation of 6.68%. Despite this recent downturn, the company has shown positive financial results over the last three quarters, with significant growth in profit before tax and profit after tax, which may suggest underlying strength that could support the stock in the long term. Additionally, high institutional holdings at 40.33% indicate confidence from larger investors, which could stabilize the stock despite recent price movements.
In the broader market context, J K Cements' short-term performance has been notably weaker compared to the benchmark, as it has declined by 7.71% over the past week while the Sensex has only decreased by 0.94%. However, on a year-to-date basis, J K Cements has outperformed the benchmark with a return of 28.32% compared to the Sensex's 7.47%. This suggests that while the stock is currently facing challenges, it has delivered strong returns over a longer period, indicating potential resilience in its performance relative to the broader market.