Why is Shree Cement falling/rising?

As of 22-Jul, Shree Cement Ltd. is experiencing a price increase, currently at Rs. 32,508.20, reflecting a rise of Rs. 1,041.4 or 3.31%. The stock has recently reached a new 52-week high and has outperformed its sector by 3.02%. It has shown a consecutive gain over the last two days, with a total return of 5.64% during this period. Additionally, Shree Cement is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The stock has also seen a significant increase in delivery volume, rising by 166.59% against the 5-day average, which suggests heightened investor interest. The company's low debt-to-equity ratio and high institutional holdings at 24.96% further support its positive outlook, as institutional investors typically have better resources to analyze company fundamentals.
In the broader market context, Shree Cement's performance stands out, particularly in the short term, as it has generated a return of 4.57% over the past week, while the benchmark Sensex has declined by 0.47%. Over the past month, Shree Cement has returned 12.56%, compared to a slight drop of 0.27% in the benchmark. Year-to-date, the stock has outperformed the market significantly, with a return of 26.09% against the Sensex's 5.18%. This strong performance relative to the market reinforces the positive sentiment surrounding Shree Cement, contributing to its rising stock price.