Why is JK Lakshmi Cem. falling/rising?

As of 29-Aug, JK Lakshmi Cement Ltd's stock price is currently at 920.00, reflecting an increase of 12.0, or 1.32%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It outperformed its sector by 1.17% today and reached an intraday high of Rs 930, indicating positive momentum. Over the past week, the stock has decreased by 0.43%, but it has generated a notable return of 17.41% over the last year, significantly outperforming the Sensex, which has declined by 2.83% during the same period. The company benefits from high management efficiency, a strong ability to service debt, and positive quarterly results, which have contributed to its recent price movement. However, it faces challenges with poor long-term growth, as evidenced by lower annual growth rates in net sales and operating profit over the last five years.
In the broader market context, JK Lakshmi Cement's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex, which has fallen by 1.84% over the past week. The stock's liquidity is adequate, and rising investor participation suggests growing interest, particularly from institutional investors who have increased their holdings. This institutional backing may provide additional stability and confidence in the stock's future performance. Overall, while the stock has shown resilience and positive short-term movements, the long-term growth concerns remain a factor to consider for investors.