Why is JK Lakshmi Cem. falling/rising?

As of 21-Jul, JK Lakshmi Cement Ltd is experiencing a price increase, currently at 992.25, reflecting a change of 5.45 or 0.55% upward. The stock is trading close to its 52-week high, just 1.89% away from Rs 1011. Despite underperforming its sector by 0.42% today, it is trading above all key moving averages, indicating a positive trend. Over the past week, the stock has gained 2.19%, and it has shown impressive returns of 21.51% over the past month and 19.16% year-to-date. However, there is a notable decline in investor participation, with delivery volume dropping by 43.17% against the 5-day average. The company's strong management efficiency, low debt to EBITDA ratio, and recent positive quarterly results contribute to its favorable outlook, despite a long-term growth concern due to a decline in operating profit over the last five years.
In the broader market context, JK Lakshmi Cement's recent performance stands out as it has outperformed the Sensex, which has seen a slight decline of 0.06% over the past week. The stock's ability to generate a return of 17.66% over the past year, compared to the Sensex's 1.98%, highlights its strong market position. Additionally, high institutional holdings at 37.31% suggest confidence from knowledgeable investors, further supporting the stock's upward movement. While the stock has shown robust performance in the short and long term, the decline in operating profit growth raises some caution for future performance.