Why is Star Cement falling/rising?

As of 02-Sep, Star Cement Ltd. is currently priced at 296.80, reflecting a decrease of 0.5, or 0.17%. The stock has recently hit a new 52-week high of Rs. 308.1 but has since fallen after two consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week, with a return of 4.86%, and has outperformed the benchmark Sensex, which has decreased by 0.78%. Additionally, Star Cement has generated a remarkable 32.12% return over the past year, consistently outperforming the BSE500 in each of the last three annual periods. The company maintains a low debt-to-equity ratio of 0.03, indicating financial stability, which may contribute positively to investor sentiment.
In the broader market context, while Star Cement has experienced a short-term decline, its strong performance over longer periods, such as a 216.08% return over three years, contrasts sharply with the Sensex's 36.32% return in the same timeframe. This suggests that while the stock may be facing a temporary setback, its overall trajectory remains positive compared to the broader market. The stock's recent underperformance relative to its sector by 0.8% today may also reflect a broader market sentiment, but the increase in investor participation, indicated by a 22.17% rise in delivery volume, suggests ongoing interest and potential for recovery.