Why is The Ramco Cement falling/rising?

As of 30-Jun, The Ramco Cements Ltd is experiencing a rise in its stock price, currently at 1,075.20, reflecting an increase of 22.55 or 2.14%. The stock has recently hit a new 52-week high of Rs. 1082 and has outperformed its sector by 2.61%. Over the past week, it has gained 5.39%, and in the last month, it has risen by 10.14%. Despite a significant drop in profits over the past year, the stock has generated a return of 28.66%, which is substantially higher than the broader market returns. However, the company has shown weak long-term fundamental strength, with a decline in operating profits and negative results for the last four consecutive quarters, which may raise concerns among investors.
In the broader market context, The Ramco Cements has outperformed the Sensex, which has only increased by 2.09% over the past week, while the stock has gained 5.39%. The stock's performance over the past year also significantly exceeds the market's average return of 3.95%. While high institutional holdings at 40.82% indicate confidence from larger investors, the company's high debt levels and declining profitability per unit of shareholders' funds could pose risks. The stock's liquidity remains adequate for trading, but the falling investor participation suggests a potential caution among retail investors.