Why is UltraTech Cem. falling/rising?

As of 09-Jul, UltraTech Cement Ltd is experiencing a price increase, currently at 12,555.55, reflecting a rise of 139.55 or 1.12%. The stock has shown strong performance, gaining 1.7% over the last two days and outperforming its sector by 0.78% today. It is also close to its 52-week high, being just 0.19% away from the peak of Rs 12,579.4. Over the past month, the stock has risen by 11.51%, significantly outpacing the Sensex's 1.32% increase. The company demonstrates a strong ability to service debt with a low Debt to EBITDA ratio of 0.72 times and has high institutional holdings at 32.56%, indicating confidence from larger investors. Consistent returns over the last three years, including a 7.49% gain in the past year, further support the stock's upward movement.
In the broader market context, UltraTech Cement's short-term return of 1.25% over the past week is substantially higher than the Sensex's modest gain of 0.15%. This indicates that the stock is not only performing well in isolation but is also gaining traction compared to the overall market. Despite a slight decline in investor participation, with delivery volume falling by 6.76% against the five-day average, the stock remains liquid enough for trading. The company's significant market capitalization of Rs 3,65,874 crore and its dominance in the sector, constituting 34.35% of the entire industry, further solidify its position as a strong performer in the market.