Why is Udaipur Cement falling/rising?

As of 01-Jul, Udaipur Cement Works Ltd is experiencing a price increase, currently at Rs 33.36, reflecting a rise of 1.73 or 5.47%. The stock has shown strong performance today, outperforming its sector by 4.91% and reaching an intraday high of Rs 33.5. Additionally, Udaipur Cement is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The stock has also seen a significant increase in investor participation, with delivery volume rising by 76.58% compared to the 5-day average. Despite a challenging year with a return of -29.65%, the company has recently declared positive results, including the highest operating profit to interest ratio and net sales, which may have contributed to the stock's upward movement.
In the broader market context, Udaipur Cement's short-term performance has been notably strong, with a 1-week return of +10.32% compared to the Sensex's +2.00%. This outperformance highlights the stock's resilience in a market that has seen modest gains. While the stock's long-term performance over the past year has been negative, the recent positive financial results and attractive valuation relative to peers may be driving renewed interest among investors, suggesting a potential turnaround for the company.