Why is The Ramco Cement falling/rising?

As of 28-Jul, The Ramco Cements Ltd is experiencing a price increase, currently at Rs 1,167.00, reflecting a rise of Rs 21.9 or 1.91%. The stock has shown resilience, gaining after three consecutive days of decline, and is now just 2.77% away from its 52-week high of Rs 1,199.35. In terms of performance, the stock has outperformed its sector by 2.11% today and has generated a return of 41.13% over the past year, significantly surpassing the BSE500 index. However, it is important to note that the company has reported negative results for the last four consecutive quarters, with a substantial decline in profits, which raises concerns about its long-term fundamental strength.
Broader market context indicates that while The Ramco Cements has performed well in the short term, with a 10.86% gain over the past month compared to a 3.77% decline in the benchmark, the overall market sentiment remains cautious. The stock's high institutional holdings of 39.67% suggest confidence among larger investors, yet the company's weak operating profit growth and high debt levels could deter retail investors. Despite the stock's recent upward movement, the significant drop in delivery volume and the company's declining profitability metrics may contribute to a mixed outlook among investors.