Why is UltraTech Cem. falling/rising?

As of 11-Jul, UltraTech Cement Ltd is experiencing a slight increase in its stock price, currently at Rs 12,503.20, reflecting a rise of 23.2 points or 0.19%. The stock is trading close to its 52-week high, just 1.28% away from Rs 12,663.7, and is performing in line with its sector. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has shown a strong return of 9.25%, outperforming the Sensex, which has remained nearly flat. Additionally, the company boasts a low Debt to EBITDA ratio of 0.72 times, indicating a strong ability to service its debt, and high institutional holdings at 32.56%, which suggests confidence from more knowledgeable investors.
In the broader market context, UltraTech Cement's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. Despite a slight decrease in investor participation, as indicated by a 2.83% drop in delivery volume, the stock's liquidity remains adequate for trading. The company has consistently generated returns, outperforming the BSE500 over the last three years, which adds to its appeal among investors. Overall, the combination of strong fundamentals, consistent returns, and institutional support contributes to the stock's upward movement in a challenging market environment.