Why is JK Lakshmi Cem. falling/rising?

As of 17-Jul, JK Lakshmi Cement Ltd's stock price is rising, currently at 1,001.95, reflecting an increase of 32.35 or 3.34%. The stock reached a new 52-week high of Rs. 1011 today and has outperformed its sector by 3.24%. Over the past week, the stock has gained 2.97%, and it has shown impressive returns over longer periods, including a 21.99% increase in the last month and a 134.90% rise over the past three years. The company's strong fundamentals, highlighted by a high return on capital employed (ROCE) of 18.24% and a low debt to EBITDA ratio of 1.26 times, contribute to investor confidence. However, there are concerns regarding a decline in operating profit growth over the past five years, which may temper long-term expectations.
Broader market context indicates that while JK Lakshmi Cement has been performing well, the benchmark Sensex has seen a decline of 1.12% over the past week. This contrast underscores the stock's strong relative performance, particularly as it has generated a return of 15.03% over the past year compared to the Sensex's 1.91%. Additionally, the stock's liquidity remains adequate for trading, despite a slight decrease in delivery volume, suggesting that investor interest remains robust. Overall, the combination of strong recent performance, favorable financial metrics, and high institutional holdings supports the stock's upward movement in the current market environment.