Why is Sagar Cements falling/rising?

As of 04-Sep, Sagar Cements Ltd is experiencing a significant rise in its stock price, currently at Rs 296.00, reflecting an increase of 23.4 points or 8.58%. The stock has reached a new 52-week high of Rs 296.95 today and has outperformed its sector by 8.87%. Over the past four days, the stock has gained 16.12%, and it is trading above all key moving averages, indicating strong momentum. Positive financial results, including a 102.7% growth in PAT and record net sales, have contributed to this upward movement. However, concerns about long-term fundamental strength persist, as evidenced by 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 may temper investor enthusiasm.
In the broader market context, Sagar Cements has significantly outperformed the benchmark, with a 1-week return of +15.60% compared to the Sensex's +0.80%, and a year-to-date return of +33.27% against the Sensex's +3.30%. Despite the overall market showing negative returns over the past year, Sagar Cements has managed to generate a 27.53% return, highlighting its resilience. However, the stock's performance is tempered by the risk associated with high promoter pledged shares and negative operating profits, which could pose challenges in a declining market environment.