Why is JK Lakshmi Cem. falling/rising?

As of 04-Aug, JK Lakshmi Cement Ltd's stock price is currently at 950.95, reflecting a decrease of 23.0 points or 2.36%. Today's price summary indicates that the stock opened with a gain of 3.6% but has since fallen, marking a trend reversal after four consecutive days of gains. The stock reached an intraday high of Rs 1009.15 and a low of Rs 945.45, with more volume traded closer to the low price. Over the past week, the stock has outperformed the Sensex, gaining 1.93% compared to the benchmark's 0.16% increase, but it has underperformed its sector today by 3.39%. Despite a strong year-to-date return of 14.20%, the stock's recent performance is impacted by a decline in profits over the past year, which has raised concerns among investors.
Broader market context shows that while JK Lakshmi Cement has demonstrated strong long-term performance, including a 106.84% return over three years, it faces challenges with poor long-term growth, as indicated by a -0.46% annual growth rate in operating profit over the last five years. The stock's high institutional holdings at 37.92% suggest confidence from knowledgeable investors, but the recent decline in price may reflect market reactions to the company's profit drop of -20.8% over the past year. Overall, the stock's current decline appears to be a result of profit concerns despite its strong management efficiency and attractive valuation compared to peers.