Why is Sagar Cements falling/rising?

As of 22-Sep, Sagar Cements Ltd is experiencing a price increase, currently at 276.20, reflecting a change of 2.15 (0.78%) upward. The stock has shown a strong performance today, outperforming its sector by 0.46%, and has gained consecutively over the last two days, with a total return of 1.36% in this period. It opened with a gain of 2.01% and reached an intraday high of Rs 279.55. Over the past week, the stock has risen by 2.98%, and it has significantly outperformed the benchmark Sensex, which only increased by 0.46% during the same timeframe. Despite these positive movements, the stock has faced challenges, including a substantial decline in delivery volume, which fell by 69.61% against the five-day average. Additionally, while the stock has generated a notable return of 20.64% over the past year, its operating profits have decreased by 229.8%, indicating underlying weaknesses.
Broader Market Context: The broader market has been less favorable, with the BSE500 index showing negative returns of -3.80% over the past year, contrasting with Sagar Cements' positive performance. This divergence highlights the stock's ability to generate returns despite a challenging market environment. However, concerns about the company's long-term fundamental strength persist, particularly due to a high Debt to EBITDA ratio and low profitability as indicated by a Return on Equity of only 4.32%. The high percentage of pledged promoter shares, at 80.8%, adds to the risk, especially in a declining market, which could exert additional downward pressure on the stock's price in the future.