Why is Udaipur Cement falling/rising?

As of 09-Jul, Udaipur Cement Works Ltd's stock price is currently at 35.04, reflecting an increase of 0.3 (0.86%). The stock has been on an upward trend, gaining for the last three days with a total return of 1.62% during this period. It has outperformed its sector by 0.52% today and is trading above all key moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 67.88% compared to the five-day average. Despite a significant year-over-year decline of 22.25% in returns, the company recently reported positive results after three consecutive negative quarters, highlighting a strong operating profit to interest ratio and record net sales, which may be contributing to the recent price increase.
In the broader market context, Udaipur Cement's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.15% over the past week, while Udaipur Cement has risen by 1.65%. This outperformance is further emphasized by its substantial year-to-date return of 22.60% compared to the Sensex's 6.91%. The stock's attractive valuation, trading at a discount relative to its peers, alongside a solid return on capital employed, suggests that investors may be regaining confidence in the company's prospects, despite the challenges it faced over the past year.