Why is Saurashtra Cem. falling/rising?

As of 08-Jul, Saurashtra Cement Ltd's stock price is currently at 91.23, reflecting an increase of 1.15, or 1.28%. Today's price summary indicates that the stock has outperformed its sector by 0.61% and has experienced a trend reversal after three consecutive days of decline. Despite this positive movement, the stock has shown a mixed performance over various periods, with a 1-week return of +0.74% but a year-to-date decline of -22.72%. The company recently reported positive quarterly results, with a significant growth in profit after two negative quarters, which may have contributed to the recent uptick in stock price. However, the stock's long-term growth prospects are hindered by a substantial decline in operating profit over the past five years and a very low return on equity, leading to concerns about its valuation compared to peers.
In the broader market context, while the Sensex has generated a modest return of +0.02% over the past week, Saurashtra Cement's short-term performance has been relatively stronger, suggesting some resilience against market trends. However, the stock has underperformed significantly over the past year, with a return of -31.79% compared to the market's positive performance. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's future potential, further complicating its market position. Overall, while recent positive results may have provided a temporary boost, the long-term outlook remains challenging, contributing to the stock's volatility.