Why is Udaipur Cement falling/rising?

As of 25-Jul, Udaipur Cement Works Ltd is experiencing a decline in its stock price, currently at Rs 35.00, which reflects a decrease of Rs 1.91 or 5.17%. The stock has underperformed its sector by 3.98% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 6.74% during this period. The stock reached an intraday low of Rs 34.07, indicating significant selling pressure. Despite a strong performance over the past month with a return of 14.49%, the stock has faced challenges, including a 16.29% drop over the past year and a substantial 75.3% decrease in profits, which may contribute to investor concerns. Although the company recently reported positive quarterly results, including a notable growth in profit before tax and operating profit to interest, the overall negative sentiment and falling investor participation, as evidenced by a decrease in delivery volume, have likely influenced the stock's recent decline.
In the broader market context, Udaipur Cement's short-term performance has been weaker compared to the benchmark Sensex, which has only declined by 0.36% over the past week. While the stock has shown resilience with a year-to-date return of 22.46% against the Sensex's 4.25%, the recent downturn highlights a divergence from this trend. The stock's liquidity remains adequate for trading, but the current negative momentum and investor sentiment may overshadow its attractive valuation relative to peers. Overall, the combination of recent poor performance, declining profits, and reduced investor engagement appears to be driving the stock's current downward trajectory.