Why is Shree Cement falling/rising?

As of 02-Jul, Shree Cement Ltd. is experiencing a price increase, currently at Rs 31,598.80, reflecting a rise of 373.8 points or 1.2%. The stock has shown strong performance recently, gaining 10.8% over the last six days and is currently trading close to its 52-week high, just 1.03% away from Rs 31,924.55. Additionally, the stock has outperformed the benchmark Sensex over various periods, including a 14.19% return over the past year compared to the market's 5.00%. However, despite these positive movements, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 70.11% against the 5-day average.
In the broader market context, Shree Cement's short-term performance of +8.22% over the past week notably exceeds the Sensex's return of +0.79%, indicating a strong relative strength. While the stock has demonstrated market-beating performance, it faces challenges such as poor long-term growth, with operating profit declining at an annual rate of -13.83% over the last five years and negative results for the last four consecutive quarters. Furthermore, the company's high valuation metrics, including a Price to Book Value of 5.3 and a low return on equity of 5.2, suggest that it may be trading at a premium compared to its peers, which could impact investor sentiment moving forward.