Why is JK Lakshmi Cem. falling/rising?

As of 01-Jul, JK Lakshmi Cement Ltd's stock price is rising, currently at 953.00, which reflects an increase of 55.4 or 6.17%. The stock has recently reached a new 52-week high of Rs. 963.95 and has outperformed its sector by 5.61%. Over the past week, the stock has gained 15.38%, and it has shown a consistent upward trend with a 16.79% increase over the last six days. The company has demonstrated strong financial performance, including a high return on capital employed (ROCE) of 18.24% and a low debt to EBITDA ratio of 1.26 times. Despite a decline in profits over the past year, the stock is trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, JK Lakshmi Cement's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.00% over the same week. The stock's strong institutional holdings at 37.31% indicate confidence from larger investors, who typically have better resources for analyzing company fundamentals. While the company has faced challenges with poor long-term growth, as evidenced by a -0.46% annual growth rate in operating profit over the last five years, its recent positive results and high management efficiency contribute to a favorable outlook, thus supporting the stock's rising price.