Why is UltraTech Cem. falling/rising?

As of 01-Jul, UltraTech Cement Ltd's stock price is currently at Rs 12,204.60, reflecting an increase of Rs 132.25 or 1.1%. The stock has shown strong performance recently, with a 5.40% rise over the past week and a 9.07% increase over the past month, significantly outperforming the Sensex, which has only risen by 2.00% and 2.76% in the same periods, respectively. Additionally, the stock is trading above all its moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 28.64% against the 5-day average. The company maintains a low Debt to EBITDA ratio of 0.72 times, which supports its ability to service debt, and it has high institutional holdings at 32.56%, suggesting confidence from knowledgeable investors.
In the broader market context, UltraTech Cement's strong performance is notable as it constitutes 33.94% of its sector and has a market capitalization of Rs 3,55,747 crore, making it the largest company in the sector. While the stock has outperformed the benchmark in the short term, the overall market has also seen positive movements, with a year-to-date return of 6.87% for UltraTech compared to 7.11% for the Sensex. The stock's liquidity remains adequate for trading, which may contribute to its stability despite the recent drop in delivery volumes. Overall, the combination of strong fundamentals and recent price movements suggests a positive outlook for UltraTech Cement.