Why is Shree Cement falling/rising?

As of 03-Jul, Shree Cement Ltd. is experiencing a decline in its stock price, currently at 31,320.30, reflecting a decrease of 278.5 points or 0.88%. The stock has recently underperformed its sector by 0.44% and has seen a trend reversal after six consecutive days of gains. Despite this, Shree Cement has shown strong performance over the past year, generating a return of 14.39%, significantly higher than the broader market's return of 4.07%. However, the company has faced challenges, including negative results for the last four quarters and a poor long-term growth outlook, with operating profit declining at an annual rate of 13.83% over the past five years.
In the broader market context, Shree Cement's recent performance contrasts with the Sensex, which has seen a slight decline of 0.62% over the past week. While the stock has been liquid enough for trading, the delivery volume has fallen significantly, indicating a decrease in investor participation. The company's high institutional holdings at 25.03% suggest that more sophisticated investors are analyzing its fundamentals, yet the stock's expensive valuation, with a price-to-book value of 5.2, raises concerns. Overall, while Shree Cement has outperformed the market in the short term, the recent drop in price can be attributed to its disappointing financial results and declining investor interest.