Why is Orient Cement falling/rising?

As of 19-Aug, Orient Cement Ltd. is experiencing a price increase, currently at Rs 239.90, reflecting a rise of 1.65 (0.69%). The stock has shown a positive performance today, outperforming its sector by 0.46% and has gained consecutively over the last two days, with a total return of 2.76% during this period. Despite a year-to-date decline of 30.20%, the company has recently reported strong quarterly results, with net sales reaching Rs 866.48 crore and a significant increase in profits, which may have contributed to the recent uptick in stock price. Additionally, the rising investor participation, indicated by a 45.14% increase in delivery volume, and the promoters' increased stake in the company signal growing confidence in its future prospects.
In the broader market context, while the stock has underperformed the benchmark Sensex over the past year, it has shown a modest gain of 1.76% over the last week, compared to the Sensex's 1.76% increase. This indicates that while the stock is currently rising, it still faces challenges in the long term, particularly given its substantial decline over the past year. The overall market has been more favorable, with a 4.49% increase year-to-date, contrasting sharply with Orient Cement's performance. Thus, while recent developments may be driving short-term gains, the stock's long-term outlook remains cautious due to its historical underperformance relative to the broader market.