Why is Sagar Cements falling/rising?

As of 18-Aug, Sagar Cements Ltd's stock price is rising, currently at Rs 241.20, reflecting an increase of Rs 16.8 or 7.49%. Today's price performance indicates that the stock has outperformed its sector by 4.39% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 244.15, and while it is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, it remains below the 20-day moving average. Positive factors contributing to this rise include a significant growth in PAT for the quarter ending June 25, which increased by 102.7%, and the highest net sales recorded at Rs 670.66 crore. However, the stock faces challenges due to weak long-term fundamentals, including a -165.28% CAGR growth in operating profits over the last five years and a high debt-to-EBITDA ratio of 5.68 times, which raises concerns about its ability to service debt.
In the broader market context, Sagar Cements has shown a short-term return of +5.49% over the past week, significantly outperforming the Sensex, which only increased by +0.83%. Despite this positive short-term performance, the stock has underperformed over the past month with a -9.02% return compared to the Sensex's -0.59%. The cement sector overall has gained by 3.1%, indicating a favorable environment for the industry, yet the stock's high promoter share pledge (80.8%) and negative operating profits suggest that it remains a risky investment. The falling investor participation, evidenced by a significant drop in delivery volume, further complicates the stock's outlook, despite today's positive movement.