Why is JK Lakshmi Cem. falling/rising?

As of 30-Jul, JK Lakshmi Cement Ltd is experiencing a price increase, currently at Rs 967.55, reflecting a rise of Rs 17.1 or 1.8%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 3.71% during this period. It outperformed its sector by 1.26% today and reached an intraday high of Rs 969.65. Over the past month, the stock has increased by 7.79%, while it has generated a return of 7.51% over the past year, significantly outperforming the Sensex, which has only seen a 0.03% increase. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.24% and a low debt to EBITDA ratio of 1.26, indicating strong financial health. However, it has faced challenges with a -35.8% decline in profits over the past year, which may temper investor enthusiasm despite its recent positive results.
Broader Market Context: In the short term, JK Lakshmi Cement's performance has been more favorable compared to the benchmark, as it has outperformed the Sensex by 4.29% over the last month and 7.48% over the past year. While the stock has shown resilience with consistent returns over the last three years, the broader market has been under pressure, as evidenced by the Sensex's decline of 1.50% over the past week. The stock's liquidity remains adequate, although there has been a notable decrease in delivery volume, which may indicate a potential risk if investor participation continues to fall. Overall, the combination of strong management efficiency, recent positive financial results, and a solid institutional holding suggests a favorable outlook for JK Lakshmi Cement amidst a challenging market environment.