Why is Star Cement falling/rising?

As of 30-Jul, Star Cement Ltd. is experiencing a price increase, currently at Rs 237.90, which reflects a rise of 3.9 or 1.67%. The stock has shown strong performance recently, gaining 4.85% over the last two days and outperforming its sector by 1.13% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has generated a return of 13.53% over the past year and has consistently outperformed the BSE500 over the last three years, contributing to investor confidence. However, there has been a notable decline in investor participation, with delivery volume falling by 70.33% against the 5-day average, which could be a concern for future liquidity.
In the broader market context, Star Cement's short-term return of +0.95% over the past week contrasts sharply with the Sensex, which has declined by 1.50% during the same period. This divergence highlights the stock's relative strength compared to the overall market. While the stock's performance remains robust, the decrease in delivery volume suggests a potential caution among investors, which could impact future price movements. Overall, the combination of strong historical returns and current price trends supports the stock's upward movement, despite some signs of reduced trading activity.