Why is The Ramco Cement falling/rising?

As of 30-Jul, The Ramco Cements Ltd is experiencing a price increase, currently at 1,204.40, reflecting a rise of 17.5 or 1.47%. The stock has recently hit a new 52-week high of Rs.1206.05 and has outperformed its sector by 0.93%. Over the past three days, it has shown a consecutive gain of 5.18%. In terms of returns, the stock has performed well, with a 46.17% increase over the past year, significantly outperforming the BSE500 index, which has only seen a 0.03% rise. However, it is important to note that the company has declared negative results for the last four consecutive quarters, indicating underlying weaknesses in its financial performance.
In the broader market context, The Ramco Cements has outperformed the Sensex, which has declined by 1.50% over the past week while the stock itself has risen by 1.28%. Despite its strong short-term performance, the company faces challenges such as weak long-term fundamental strength, evidenced by a -8.34% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.04 times. Additionally, while institutional holdings are high at 39.67%, indicating confidence from larger investors, the company's profitability metrics, such as a low Return on Equity of 7.54% and a significant drop in profits, suggest caution for potential investors.