Why is Sagar Cements falling/rising?

As of 02-Sep, Sagar Cements Ltd is currently priced at 262.00, reflecting a rise of 3.9 or 1.51%. The stock has shown a positive trend, gaining 2.79% over the last two days and outperforming its sector by 1.77% today. It has also been trading above its moving averages across various time frames, indicating strong momentum. Additionally, the company reported impressive quarterly results with a 102.7% growth in PAT and record net sales of Rs 670.66 cr, contributing to its recent price increase. However, it faces challenges such as a significant decline in operating profits over the past five years and a high debt-to-EBITDA ratio, which raises concerns about its long-term financial stability.
In the broader market context, Sagar Cements has outperformed the benchmark Sensex, which has declined by 0.78% over the past week, while the stock itself has gained 1.33%. Despite the stock's positive performance, the overall market sentiment has been negative, with the BSE500 generating returns of -4.82% in the last year, contrasting with Sagar Cements' 14.21% return. This divergence highlights the stock's ability to attract investor interest despite broader market challenges, although the high percentage of pledged promoter shares could pose risks in a declining market.