Why is UltraTech Cem. falling/rising?

As of 30-Jul, UltraTech Cement Ltd's stock price is currently at 12,245.60, reflecting an increase of 43.6 points or 0.36%. The stock has shown a trend reversal, gaining after six consecutive days of decline. It is currently 3.81% away from its 52-week high of Rs 12,711.95. In terms of performance, the stock has outperformed the benchmark Sensex over the past month, with a return of +1.44% compared to the Sensex's -2.54%. Additionally, the company demonstrates strong fundamentals, including a low Debt to EBITDA ratio of 0.72 times, healthy long-term growth with net sales increasing at an annual rate of 15.13%, and high institutional holdings at 32.63%. These factors contribute positively to the stock's recent movement.
In the broader market context, UltraTech Cement's short-term performance has been relatively better than the benchmark, as it has experienced a smaller decline over the past week (-1.00%) compared to the Sensex's -1.50%. Despite a recent drop in investor participation, as indicated by a 3.17% decrease in delivery volume against the five-day average, the stock remains liquid enough for trading. The company's significant market capitalization of Rs 3,59,568 crore and its dominance in the sector, constituting 33.85% of the entire industry, further support its resilience in the market. Overall, while the stock has faced some short-term challenges, its strong fundamentals and recent positive price movement suggest a favorable outlook.