Why is UltraTech Cem. falling/rising?

As of 06-Aug, UltraTech Cement Ltd's stock price is currently at Rs 12,202.90, reflecting a decrease of Rs 94.4 or 0.77%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. It is currently 4.17% away from its 52-week high of Rs 12,711.95. Despite this decline, the stock has shown strong performance over the longer term, with a year-to-date return of 6.86% and a one-year return of 7.46%, both outperforming the broader market benchmark, the Sensex. The company maintains a solid financial position with a low Debt to EBITDA ratio of 0.72 times and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 15.13%. High institutional holdings at 32.63% suggest confidence from knowledgeable investors, which may support the stock's stability.
In the broader market context, UltraTech Cement's short-term performance has been slightly better than the Sensex, which has declined by 1.15% over the past week compared to the stock's decrease of only 0.35%. This indicates that while the stock is currently facing downward pressure, it is relatively resilient compared to the market. The liquidity of the stock is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. Overall, while the stock is experiencing a decline, its strong fundamentals and historical performance may provide a buffer against broader market volatility.