Why is Star Cement falling/rising?

As of 03-Sep, Star Cement Ltd. is experiencing a price increase, with its current price at 298.25, reflecting a rise of 1.45 or 0.49%. The stock is currently trading close to its 52-week high, just 3.3% away from Rs 308.1. It has outperformed its sector by 0.34% today and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 70.89% compared to the 5-day average. Over the past year, Star Cement has generated a return of 33.59%, significantly outperforming the BSE500 index over various time frames, including 3 years and 1 year.
In the broader market context, Star Cement's short-term performance is notably strong, with a 5.37% increase over the past week, while the Sensex has seen a slight decline of 0.27%. This indicates that Star Cement is not only performing well in isolation but is also gaining traction against the broader market trends. The company's low debt-to-equity ratio of 0.03 times and the fact that the majority shareholders are promoters contribute positively to investor confidence, reinforcing the stock's upward movement. Overall, the combination of strong performance metrics, rising investor interest, and favorable financial ratios supports the stock's recent price rise.