Why is The Ramco Cement falling/rising?

As of 22-Jul, The Ramco Cements Ltd is experiencing a price increase, currently at Rs 1,190.25, reflecting a rise of Rs 44.15 or 3.85%. The stock has recently hit a new 52-week and all-time high of Rs 1,195.95, indicating strong performance today as it outperformed its sector by 3.56%. Over the past week, the stock has gained 3.19%, and it has shown significant long-term growth with a 52.28% return over the last year. However, it is important to note that the company has declared negative results for the last four consecutive quarters, which raises concerns about its long-term fundamental strength. Despite high institutional holdings at 39.67%, indicating confidence from larger investors, the company has shown a -8.34% CAGR growth in operating profits over the last five years, which could impact future performance.
In the broader market context, The Ramco Cements has outperformed the Sensex, which has seen a decline of 0.47% over the past week, while the stock has increased. This trend of outperforming the benchmark is consistent, as the stock has generated a return of 23.39% year-to-date compared to the Sensex's 5.18%. Despite these positive short-term movements, the stock's high debt-to-EBITDA ratio of 3.04 times and low return on equity of 7.54% suggest potential risks that could affect its sustainability in the long run. The falling investor participation, with a significant drop in delivery volume, may also indicate caution among retail investors despite the stock's recent gains.