Why is Udaipur Cement falling/rising?

As of 13-Aug, Udaipur Cement Works Ltd is experiencing a price increase, currently at 35.20, reflecting a change of 0.18 or 0.51% upward. The stock has been gaining for the last three days, with a total return of 1.97% during this period. Despite a recent decline in delivery volume by 29.11% against the five-day average, the stock's performance today has outperformed its sector by 0.87%. Over the past month, the stock has shown a positive return of 0.83%, while year-to-date, it has significantly outperformed the benchmark with a return of 23.16% compared to the Sensex's 3.07%. The company has also reported positive results after three consecutive negative quarters, with notable increases in operating profit and net sales, contributing to a more attractive valuation despite a significant drop in profits over the past year.
In the broader market context, Udaipur Cement's short-term performance contrasts with the Sensex, which has seen a minimal decline of 0.01% over the past week. While the stock has outperformed the benchmark in the short term, it has lagged behind in the longer three-year period, where it generated a return of 16.75% compared to the Sensex's 35.45%. The stock's current valuation is appealing as it trades at a discount relative to its peers, which may attract investors looking for value. However, the substantial drop in profits over the last year could temper enthusiasm, indicating that while the stock is rising now, there are underlying challenges that could affect its future performance.