Why is Star Cement falling/rising?

As of 04-Sep, Star Cement Ltd. is experiencing a decline in its stock price, currently at Rs 294.90, which reflects a decrease of Rs 3.35 or 1.12%. Despite this drop, the stock has shown strong performance in the past, with a 33.62% return over the last year and a remarkable 214.06% increase over the past three years. Today's price summary indicates that the stock opened with a gain of 2.93% and reached an intraday high of Rs 307, but it also touched a low of Rs 290.6, suggesting volatility within the trading day. Additionally, the stock is trading above its moving averages, indicating a generally positive trend, although it underperformed its sector by 0.83% today. The falling investor participation, with a significant drop in delivery volume, may be contributing to the current price decline.
In the broader market context, Star Cement's recent performance has outpaced the benchmark Sensex, which has only gained 0.80% over the past week and has seen a slight decline of 0.37% over the past month. This indicates that while the stock is facing a short-term setback, its long-term performance remains strong compared to the market. The company's low debt-to-equity ratio and the fact that it is majority-owned by promoters provide a stable foundation, which may help mitigate the impact of today's price drop. Overall, while the stock is currently falling, its historical performance and solid fundamentals suggest potential for recovery.