Why is JK Lakshmi Cem. falling/rising?

As of 04-Jul, JK Lakshmi Cement Ltd's stock price is currently at 984.50, reflecting a decrease of 2.5, or 0.25%. The stock has recently experienced a trend reversal after eight consecutive days of gains, leading to its current decline. Despite this drop, the stock remains close to its 52-week high, only 2.21% away from 1006.3. Over the past week, JK Lakshmi Cement has outperformed the Sensex with an impressive return of 11.08%, while its one-month return stands at 22.33%. However, the stock's performance today underperformed its sector by 0.53%, and there has been a decline in investor participation, with delivery volume falling by 1.82% compared to the five-day average. The company has shown strong management efficiency and a solid ability to service debt, but it has also faced challenges, such as a significant drop in profits over the past year.
In the broader market context, JK Lakshmi Cement's recent performance contrasts with the Sensex, which has seen a slight decline of 0.74% over the past week. While the stock has generated a return of 12.93% over the last year, it has also experienced a 35.8% decrease in profits, indicating potential concerns about long-term growth. The company maintains high institutional holdings at 37.31%, which may provide some stability and confidence among investors. Nevertheless, the overall market sentiment appears cautious, as evidenced by the stock's recent underperformance relative to its sector and the declining investor participation.