Why is Udaipur Cement falling/rising?

As of 07-Jul, Udaipur Cement Works Ltd is experiencing a slight increase in its stock price, currently at 34.50, reflecting a change of 0.02 or 0.06% upward. The stock has shown strong performance in the short term, with a 9.07% increase over the past week and a 14.69% rise over the past month, significantly outperforming the Sensex, which has seen a decline of 0.20% in the same week. Despite a year-over-year decline of 25.02%, the company recently reported positive results after three consecutive negative quarters, with operating profit to interest at its highest and net sales reaching Rs 484.21 crore. However, there is a noted decrease in investor participation, as delivery volume has fallen by 36.75% against the five-day average, which may indicate a cautious sentiment among investors.
In the broader market context, Udaipur Cement's recent performance contrasts sharply with the Sensex, which has only gained 1.53% over the past month. The stock's liquidity remains adequate for trading, and it is currently trading above all its moving averages, suggesting a positive trend. While the stock is trading at a discount compared to its peers, the significant drop in profits over the past year raises concerns. Overall, the combination of recent positive financial results and strong short-term returns, despite the decline in investor participation, contributes to the stock's current upward movement.