Why is Saurashtra Cem. falling/rising?

As of 02-Jul, Saurashtra Cement Ltd's stock price is rising, currently at Rs 92.30, reflecting an increase of Rs 1.74 or 1.92%. The stock has shown a positive trend today, outperforming its sector by 0.54% and reversing a two-day decline. It reached an intraday high of Rs 93.01, indicating strong intraday performance. Over the past week, the stock has gained 5.45%, while its one-month return stands at 2.40%. Despite a year-to-date decline of 21.81% and a significant drop of 32.60% over the past year, recent positive financial results, including a remarkable 2021.9% growth in PAT and a 22.8% increase in net sales, have contributed to the stock's upward movement. However, concerns remain due to poor long-term growth, as operating profit has decreased at an annual rate of 55.77% over the last five years.
In the broader market context, Saurashtra Cement's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 0.79% over the past week. This contrast highlights the stock's recent recovery despite its long-term underperformance, where it has lagged behind the market with a 32.60% decline compared to the Sensex's 6.75% gain year-to-date. The low debt-to-equity ratio and rising investor participation, evidenced by a 5.57% increase in delivery volume, suggest some investor confidence. However, the lack of domestic mutual fund investment and the stock's expensive valuation relative to peers indicate that caution remains among institutional investors, potentially limiting further upward momentum.