Why is Orient Cement falling/rising?

As of 04-Jul, Orient Cement Ltd. is currently priced at 241.20, reflecting an increase of 1.75 or 0.73%. The stock has shown a mixed performance, with a slight outperformance against its sector today, but it has faced significant declines over the past month, down 30.23%. The stock's performance has been characterized by a high of Rs 244.7 during the day, yet it remains below its longer-term moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 76.57% against the five-day average. The company's financial health is somewhat reassuring due to a low Debt to EBITDA ratio of 0.54 times and high institutional holdings at 21.78%, indicating some confidence among larger investors. However, the company has reported negative results for the last three consecutive quarters, with a significant decline in profits, which raises concerns about its long-term growth potential.
In the broader market context, while the stock has outperformed the sector today, it has underperformed the benchmark index, Sensex, over the past week and month, with returns of -0.50% and -30.23%, respectively, compared to Sensex's -0.74% and +3.01%. This underperformance is further highlighted by the stock's year-to-date decline of 29.82% against the Sensex's gain of 6.77%. The overall market sentiment appears to be more favorable than that of Orient Cement, which has struggled to generate positive returns over the past year, falling 21.32% while the broader market has seen modest gains. This disparity suggests that despite today's slight uptick, the stock's long-term outlook remains challenged amidst ongoing financial struggles.