Why is UltraTech Cem. falling/rising?

As of 05-Aug, UltraTech Cement Ltd's stock price is currently at Rs 12,285.00, reflecting an increase of Rs 32.15 or 0.26%. The stock has shown a positive performance today, outperforming its sector by 0.28%, and has been gaining for the last two days, with a total return of 1.42% during this period. It is also close to its 52-week high, being only 3.48% away from Rs 12,711.95. Despite a slight decline in delivery volume, the stock remains liquid enough for trading, and its strong fundamentals, such as a low Debt to EBITDA ratio of 0.72 times and healthy long-term growth in net sales, contribute positively to investor sentiment. Additionally, high institutional holdings at 32.63% indicate confidence from more sophisticated investors, which supports the stock's upward movement.
In the broader market context, UltraTech Cement's short-term return of +0.68% over the past week contrasts with the Sensex, which has declined by 0.77% during the same period. This outperformance highlights the stock's resilience compared to the overall market. Furthermore, while the stock has experienced a slight decline of 1.67% over the past month, it has still managed to generate a year-to-date return of +7.57%, significantly outperforming the Sensex's +3.29%. This indicates that despite some fluctuations, UltraTech Cement is maintaining a strong position relative to the broader market, supported by consistent returns over the last three years and its substantial market capitalization within the sector.