Why is Udaipur Cement falling/rising?

As of 02-Jul, Udaipur Cement Works Ltd is experiencing a price increase, with its current price at Rs 34.47, reflecting a rise of Rs 1.11 or 3.33%. The stock has shown strong performance recently, gaining 8.98% over the last two days and outperforming its sector by 1.95% today. Additionally, it is trading above all key moving averages, indicating a positive trend. The company has also reported its highest operating profit to interest ratio and net sales in the latest quarter, which may contribute to investor confidence despite a significant decline in profits over the past year.
In the broader market context, Udaipur Cement's short-term return of 12.76% over the past week significantly outpaces the Sensex's return of 0.79%, suggesting that the stock is gaining traction relative to the market. While the stock has faced challenges over the past year, with a return of -27.96%, its recent positive financial results and attractive valuation compared to peers may be driving renewed investor interest and participation, as evidenced by the substantial increase in delivery volume.