Why is UltraTech Cem. falling/rising?

As of 31-Jul, UltraTech Cement Ltd is experiencing a slight increase in its stock price, currently at Rs 12,250.00, reflecting a change of 4.4 points or 0.04% upward. The stock has been gaining for the last two days, with a total return of 0.39% during this period. It is currently close to its 52-week high, just 3.77% away from Rs 12,711.95. Despite a recent decline in delivery volume by 5.09% against the 5-day average, the stock remains liquid enough for trading. Over the past year, UltraTech has generated a return of 3.20%, outperforming the BSE500 index consistently over the last three years, and showing strong long-term growth with net sales increasing at an annual rate of 15.13%. The company also boasts a low Debt to EBITDA ratio of 0.72 times, indicating a strong ability to service its debt, and high institutional holdings at 32.63%, which suggests confidence from knowledgeable investors.
In the broader market context, UltraTech Cement's short-term performance has been relatively stable compared to the benchmark Sensex, which has declined by 1.22% over the past week while UltraTech's stock has decreased by only 0.15%. This indicates that the stock has been more resilient than the overall market. Furthermore, the stock's year-to-date return of 7.27% significantly surpasses the Sensex's 3.90%, highlighting its strong performance in the current market environment. Overall, while there are some signs of reduced investor participation, the company's solid fundamentals and consistent returns contribute positively to its stock price movement.