Why is Saurashtra Cem. falling/rising?

As of 01-Jul, Saurashtra Cement Ltd's current price is Rs 90.56, reflecting a decline of Rs 1.99 or 2.15%. The stock has been underperforming, having fallen for the last two days with a total drop of 4.56%. Despite opening with a gain of 2.64% today and reaching an intraday high of Rs 94.99, it also touched a low of Rs 89, indicating volatility. Over the past week, the stock has shown a return of +3.62%, but it has significantly underperformed over the longer term, with a year-to-date decline of 23.29% and a one-year return of -33.90%. The company has recently reported positive quarterly results, with substantial growth in profit after two negative quarters, but this has not translated into sustained investor confidence, as evidenced by a 48.34% drop in delivery volume.
In the broader market context, the Sensex has increased by 2.00% over the past week, contrasting with Saurashtra Cement's performance. The stock's long-term outlook remains concerning, with a poor annual growth rate of operating profit and a very low return on equity of 0.1, leading to an expensive valuation compared to peers. Additionally, the lack of investment from domestic mutual funds suggests a lack of confidence in the stock's future performance. Overall, while there are some positive indicators from recent earnings, the persistent underperformance and negative sentiment in the market contribute to the stock's current decline.