Why is UltraTech Cem. falling/rising?

As of 01-Aug, UltraTech Cement Ltd is experiencing a decline in its stock price, currently at Rs 12,139.70, reflecting a decrease of Rs 110.3 or 0.9%. The stock has underperformed its sector by 0.57% today and has fallen after two consecutive days of gains. Although it is close to its 52-week high, being just 4.71% away, the stock's recent performance shows a slight decline over the past week and month, with returns of -0.81% and -0.53%, respectively. The company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.72 times, and has shown healthy long-term growth with net sales increasing at an annual rate of 15.13%. Additionally, high institutional holdings at 32.63% suggest confidence in the company's fundamentals, which may help stabilize the stock despite its current decline.
In the broader market context, UltraTech Cement's recent performance contrasts with the benchmark Sensex, which has also seen a decline of 1.06% over the past week and 3.70% over the past month. While the stock has outperformed the Sensex over the year and three-year periods, the current short-term underperformance may be influenced by falling investor participation, as indicated by a significant drop in delivery volume. Despite this, the stock's liquidity remains adequate for trading, and its strong market position as the largest company in the sector, accounting for 34.02% of the industry, provides a solid foundation for potential recovery in the long term.