Why is The Ramco Cement falling/rising?

As of 04-Jul, The Ramco Cements Ltd is experiencing a price increase, currently at 1,091.75, which reflects a rise of 14.85 or 1.38%. The stock is trading close to its 52-week high, just 0.85% away from Rs 1,101, and has outperformed its sector by 1.1% today. Over the past week, the stock has shown a return of 3.71%, and for the last month, it has increased by 9.26%, significantly outperforming the Sensex, which has declined by 0.74% in the same timeframe. However, there is a notable decline in investor participation, with delivery volume falling by 71.98% against the 5-day average. Despite high institutional holdings at 40.82%, which typically indicates strong analytical support for the stock, the company has faced challenges with weak long-term fundamentals, including a negative trend in operating profits and declining profitability metrics.
In the broader market context, The Ramco Cements has demonstrated strong performance compared to the benchmark, with a year-to-date return of 13.18% against the Sensex's 6.77%. While the stock has shown resilience and market-beating returns over the past year, it is important to note that its profits have significantly declined by 76.1% during this period, raising concerns about its long-term viability. The stock's current valuation appears expensive relative to its fundamentals, particularly given its high Debt to EBITDA ratio and low return on equity, which may influence investor sentiment moving forward.