Why is Udaipur Cement falling/rising?

As of 11-Jul, Udaipur Cement Works Ltd is experiencing a slight increase in its stock price, currently at 34.91, with a change of 0.14 or 0.4% up. The stock has shown strong performance recently, outperforming its sector by 0.42% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 1.25%, and in the last month, it has increased by 14.53%. However, there is a notable decline in investor participation, with delivery volume dropping by 55.47% compared to the 5-day average. Despite a year-over-year return of -21.92%, the company has recently reported positive results after three consecutive negative quarters, indicating a potential turnaround, which may contribute to the stock's upward movement.
In the broader market context, Udaipur Cement's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. While the stock has shown resilience with a year-to-date return of 22.15%, the overall market sentiment appears less favorable, as indicated by the Sensex's modest 5.58% gain. The company's attractive valuation, with a return on capital employed (ROCE) of 4.5 and a favorable enterprise value to capital employed ratio, suggests that it is trading at a discount compared to its peers. This valuation, combined with the recent positive financial results, may provide a supportive backdrop for the stock's price increase, despite the challenges reflected in its longer-term performance.