Why is JK Lakshmi Cem. falling/rising?

As of 29-Jul, JK Lakshmi Cement Ltd's stock price is currently at 950.45, reflecting an increase of 17.5 or 1.88%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and it outperformed its sector by 1.63% today. The stock reached an intraday high of Rs 957.8, indicating positive momentum. Despite a recent drop in delivery volume, the company has demonstrated strong financial metrics, including a high return on capital employed (ROCE) of 18.24% and a low debt to EBITDA ratio of 1.26 times. However, it is important to note that the stock's performance over the past week has been negative, with a decline of 5.84%, while it has generated a positive return of 8.04% over the past year, despite a significant drop in profits of 35.8%.
In the broader market context, JK Lakshmi Cement's recent performance contrasts with the Sensex, which has seen a decline of 1.03% over the past week. The stock's year-to-date return of 14.14% also outpaces the Sensex's 4.09% increase, indicating that it has been relatively resilient compared to the overall market. The high institutional holdings at 37.92% suggest confidence from larger investors, which may contribute to the stock's upward movement despite some negative indicators, such as poor long-term growth in operating profit. Overall, while the stock has faced short-term challenges, its strong fundamentals and recent positive performance may be driving the current rise in price.