Why is Niraj Cement falling/rising?

As of 13-Aug, Niraj Cement Structurals Ltd's stock price is currently at 49.44, reflecting an increase of 0.46 or 0.94%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has outperformed the Sensex, gaining 0.59% compared to the benchmark's flat performance of -0.01%. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 20.24% against the 5-day average. The company also boasts a low debt-to-equity ratio and strong operating profit growth, which contributes positively to its valuation.
In the broader market context, while Niraj Cement has seen a short-term gain, its year-to-date performance remains concerning, with a decline of 31.19% compared to the Sensex's increase of 3.07%. The stock has generated a return of 5.28% over the past year, which is better than the benchmark's 2.01% but is accompanied by a low return on equity of 5.88%, indicating poor management efficiency. The recent increase in institutional investor participation, who have raised their stake by 0.63%, suggests a growing confidence in the company's fundamentals, which may help stabilize the stock in the future. However, the overall long-term performance remains under pressure, as indicated by its significant decline year-to-date.