Why is JK Lakshmi Cem. falling/rising?

As of 02-Jul, JK Lakshmi Cement Ltd's stock price is rising, currently at Rs 985.65, reflecting an increase of Rs 32.65 or 3.43%. The stock has recently reached a new 52-week high of Rs 995 and has been on a consecutive gain streak for the last seven days, yielding a total return of 20.79% during this period. Additionally, the stock has outperformed its sector by 2.05% today and is trading above all key moving averages. The company has shown strong financial performance with a high return on capital employed (ROCE) of 18.24% and a low debt to EBITDA ratio of 1.26 times, indicating solid management efficiency and an ability to service debt. 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 has significantly outpaced the benchmark Sensex, which has only increased by 0.79% over the past week, while the stock itself has risen by 17.69%. This strong relative performance highlights the company's market-beating capabilities in both the near and long term. The high institutional holdings at 37.31% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward movement. However, it is important to note that the company has experienced poor long-term growth, with operating profit declining at an annual rate of -0.46% over the last five years, which could pose risks to sustained price appreciation in the future.