Why is Orient Cement falling/rising?

As of 21-Jul, Orient Cement Ltd. is experiencing a price increase, with its current price at Rs 237.00, reflecting a rise of 1.25 (0.53%). The stock has shown a trend reversal by gaining after two consecutive days of decline, although it has underperformed its sector by 0.44%. In terms of returns, the stock has seen a 3.00% increase over the past month, but it has significantly underperformed over the year with a decline of 27.63%. The company benefits from a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.54 times, and it has high institutional holdings at 21.78%, suggesting confidence from more knowledgeable investors. However, the company has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and operating profit, which raises concerns about its long-term growth potential.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has gained in the short term, its year-to-date performance shows a substantial decline of 31.04%, compared to the Sensex's increase of 5.20%. This disparity highlights the challenges Orient Cement faces in regaining investor confidence amidst its poor long-term growth indicators and negative earnings trends, despite some positive short-term movements.