Why is Shree Cement falling/rising?

As of 09-Jul, Shree Cement Ltd. is experiencing a price increase, currently at Rs 31,691.20, reflecting a rise of 375.15 or 1.2%. The stock has shown strong performance recently, outperforming its sector by 0.86% today and has gained consecutively over the last two days, with a total return of 1.74% in that period. Additionally, it is trading close to its 52-week high, just 0.74% away from Rs 31,924.55. The stock has also demonstrated robust returns over various periods, including a 22.92% increase year-to-date and a 14.20% rise over the past year, significantly outperforming the broader market. Positive factors contributing to this rise include a low debt-to-equity ratio and high institutional holdings at 25.03%, indicating strong investor confidence. However, the company faces challenges with poor long-term growth, as evidenced by declining operating profits and negative results over the last four quarters.
In the broader market context, Shree Cement's short-term return of 0.29% over the past week outpaces the Sensex's return of 0.15%, suggesting that the stock is performing well relative to the market. While the stock has generated a notable return over the past year, it is important to note that its profits have fallen significantly, raising concerns about its valuation, which is considered expensive compared to peers. Despite these negative factors, the recent price movement reflects a positive sentiment among investors, likely driven by the stock's strong performance metrics and increased trading volume, indicating rising investor participation.