Why is UltraTech Cem. falling/rising?

As of 04-Jul, UltraTech Cement Ltd is experiencing a price increase, with its current price at 12,494.05, reflecting a rise of 75.7 points or 0.61%. The stock has been gaining momentum, having outperformed its sector by 0.33% today and achieving a consecutive gain over the last four days, resulting in a total return of 3.49% during this period. Additionally, the stock is trading close to its 52-week high, just 0.68% away from Rs 12,579.4. It has shown strong performance over various time frames, including a 13.27% increase over the past month and a remarkable 119.01% rise over the last three years. The company's low Debt to EBITDA ratio of 0.72 times and high institutional holdings at 32.56% suggest strong financial health and investor confidence, contributing positively to its recent price movement.
In the broader market context, UltraTech Cement's short-term performance of +2.12% over the past week stands in stark contrast to the Sensex, which has declined by 0.74% during the same period. This indicates that the stock is not only performing well relative to its own historical performance but also significantly outpacing the overall market. Despite a recent decline in investor participation, as evidenced by a 33.23% drop in delivery volume compared to the five-day average, the stock's liquidity remains adequate for trading. Overall, the combination of strong returns, solid fundamentals, and favorable market positioning has led to the stock's rising price.