Why is Saurashtra Cem. falling/rising?

As of 29-Jul, Saurashtra Cement Ltd's stock price is currently at Rs 110.94, reflecting an increase of Rs 9.31 or 9.16%. The stock has shown a positive performance today, outperforming its sector by 9.05% and reversing a trend of four consecutive days of decline. It reached an intraday high of Rs 111.6, indicating strong intraday momentum. Despite this, the stock has experienced high volatility today, with an intraday volatility of 7.19%. Over the past week, the stock has gained 2.69%, contrasting with the Sensex, which has declined by 1.03%. However, the stock's year-to-date performance remains negative at -6.02%, and it has underperformed over the past year with a return of -20.70%. The company has reported significant growth in profit before tax and profit after tax in its recent quarterly results, but it also faces challenges such as a poor long-term growth rate and a very expensive valuation compared to its peers.
In the broader market context, Saurashtra Cement's recent rise comes amid a backdrop where the Sensex has experienced a decline of 1.03% over the past week and a negative return of -3.24% over the past month. While the stock has shown some resilience in the short term, its long-term performance has been concerning, with a significant drop in profits over the past year. Additionally, the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's valuation and future growth prospects. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to underlying financial challenges and market sentiment.