Why is Sagar Cements falling/rising?

As of 03-Sep, Sagar Cements Ltd is experiencing a rise in its stock price, currently at Rs. 272.60, reflecting an increase of Rs. 10.6 or 4.05%. The stock has recently hit a new 52-week high of Rs. 281.1 and has outperformed its sector by 3.9%. Over the past three days, Sagar Cements has gained 6.94%, and its performance over the last month shows a return of 13.25%. However, despite these positive movements, there are concerns regarding the company's long-term fundamentals, including a significant decline in operating profits over the past five years and a high debt-to-EBITDA ratio, which may affect investor sentiment.
Broader market context indicates that while Sagar Cements has outperformed the benchmark Sensex, which has seen a slight decline of 0.27% over the past week, the stock has generated a return of 17.93% over the last year, contrasting with the negative returns of -4.38% from the broader market (BSE500). This performance highlights the stock's resilience in a challenging market environment. However, the high percentage of pledged promoter shares and the company's low return on equity may pose risks that could influence future price movements.