Why is UltraTech Cem. falling/rising?

As of 02-Jul, UltraTech Cement Ltd's stock price is rising, currently at Rs 12,400.00, reflecting an increase of Rs 195.4 or 1.6%. The stock has recently hit a new 52-week and all-time high of Rs 12,532.15, demonstrating strong performance with a 2.71% gain over the last two days. It is trading above all key moving averages, indicating positive momentum. Over the past week, UltraTech has outperformed the Sensex with a return of 5.44% compared to the benchmark's 0.79%. The company has shown consistent returns over the last three years, with a notable 117.79% increase over three years, and a solid ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.72 times.
In the broader market context, UltraTech's performance stands out as it has generated an 11.00% return over the past month, significantly higher than the Sensex's 2.50%. Despite a recent decline in investor participation, with delivery volume dropping by 55.1% against the five-day average, the stock remains liquid enough for trading. The high institutional holdings at 32.56% suggest that knowledgeable investors are backing the stock, which may contribute to its upward price movement. Overall, the combination of strong fundamentals, consistent performance, and positive market sentiment has driven the stock's recent rise.