Why is JK Lakshmi Cem. falling/rising?

As of 30-Jun, JK Lakshmi Cement Ltd's stock price is rising, currently at Rs 897.60, reflecting an increase of Rs 11.3 or 1.27%. The stock has shown strong performance recently, gaining 10% over the past week and outperforming its sector by 1.74% today. It is also trading close to its 52-week high, just 2.27% away from Rs 917.95. The stock has been on a consecutive gain streak for the last five days, supported by a significant increase in delivery volume, which rose by 111.6% compared to the five-day average. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.24% and a low debt-to-EBITDA ratio of 1.26 times, which enhances its attractiveness despite a recent decline in profits.
In the broader market context, JK Lakshmi Cement's short-term return of 10.00% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. This indicates a strong relative performance against the benchmark. While the stock has generated a modest return of 1.13% over the past year, it has faced challenges with a 35.8% decline in profits, which raises concerns about long-term growth potential. However, the high institutional holdings at 37.31% suggest that knowledgeable investors are backing the stock, which may provide additional support for its price movement. Overall, the combination of recent positive financial results and strong investor participation appears to be driving the stock's upward momentum.