Why is UltraTech Cem. falling/rising?

As of 27-Jun, UltraTech Cement Ltd's stock price is currently at Rs 12,234.95, reflecting an increase of Rs 290.15, or 2.43%. The stock has been performing well, having gained 7.7% over the last six days and is close to its 52-week high, just 0.87% away from Rs 12,341. Additionally, it has outperformed its sector by 0.76% today. The stock is trading above all key moving averages, indicating a strong upward trend. The company also boasts a low Debt to EBITDA ratio of 0.72 times and high institutional holdings at 32.56%, which suggests strong confidence from knowledgeable investors. Furthermore, consistent returns over the past three years and a significant market cap of Rs 3,51,988 crore reinforce its position as a leader in the sector.
In the broader market context, UltraTech Cement's short-term return of 6.92% over the past week significantly outpaces the benchmark Sensex, which has only increased by 2.00% in the same period. This strong performance relative to the benchmark indicates that investor sentiment towards UltraTech Cement is particularly positive. The rising investor participation, evidenced by a 19.24% increase in delivery volume, further supports this bullish outlook. Overall, the combination of strong financial fundamentals, consistent performance, and favorable market conditions contributes to the stock's upward movement.