Why is Udaipur Cement falling/rising?

As of 21-Jul, Udaipur Cement Works Ltd is experiencing a price increase, currently at Rs 37.14, reflecting a rise of 1.77 (5.0%). The stock has shown strong performance today, outperforming its sector by 4.03% and opening with a gain of 2.74%. It reached an intraday high of Rs 37.35, marking a 5.6% increase. Over the past week, the stock has gained 7.43%, and over the past month, it has risen by 23.18%, while year-to-date, it has increased by 29.95%. Despite a negative return of -9.61% over the past year, the company recently declared positive results after three consecutive quarters of losses, with significant growth in profit before tax and profit after tax, which has likely contributed to the stock's upward movement.
In the broader market context, Udaipur Cement's short-term performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has shown resilience and growth, the overall market has been relatively flat. The company's attractive valuation, trading at a discount compared to its peers, combined with improved financial metrics, suggests a potential recovery that may be appealing to investors, despite the recent drop in delivery volume indicating a decrease in investor participation.