Why is Sagar Cements falling/rising?

As of 25-Aug, Sagar Cements Ltd is experiencing a price increase, currently at 255.40, reflecting a rise of 15.4 or 6.42%. The stock has shown a positive trend today, outperforming its sector by 6.15% and reversing a three-day decline. It opened with a gain of 2.54% and reached an intraday high of Rs 259.85. Over the past week, the stock has gained 5.89%, while its year-to-date performance stands at 14.99%, significantly outperforming the Sensex, which has only increased by 4.48% during the same period. Positive quarterly results, including a 102.7% growth in PAT and record net sales, have contributed to the stock's upward movement. However, concerns about long-term fundamental strength, such as a high Debt to EBITDA ratio and a significant decline in operating profits, present a mixed outlook.
Broader market context shows that while Sagar Cements has generated an 8.98% return over the past year, the broader market, represented by the BSE500, has faced negative returns of -2.11%. This indicates that Sagar Cements is managing to outperform the market despite broader economic challenges. However, the stock's liquidity is somewhat limited, with a notable drop in delivery volume, which could affect future trading dynamics. The high percentage of pledged promoter shares also raises concerns about potential downward pressure in adverse market conditions, suggesting that while the stock is currently rising, there are underlying risks that investors should consider.