Why is UltraTech Cem. falling/rising?

As of 11-Aug, UltraTech Cement Ltd is experiencing a price increase, currently at Rs 12,391.65, reflecting a rise of Rs 260.65 or 2.15%. The stock has shown strong performance today, outperforming its sector by 0.7%, and has touched an intraday high of Rs 12,429.90. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past year, the stock has generated a return of 9.52%, significantly outperforming the BSE500 index. Additionally, the company has a low Debt to EBITDA ratio of 0.72 times, strong annual sales growth of 15.13%, and high institutional holdings at 32.63%, all contributing to a favorable outlook that supports the stock's upward movement.
In the broader market context, UltraTech Cement's short-term return of +1.13% over the past week contrasts with the Sensex, which has declined by 0.51% during the same period. This divergence highlights the stock's resilience and strength relative to the overall market. Furthermore, the company's substantial market capitalization of Rs 3,57,475 crore, which constitutes 34.14% of its sector, reinforces its position as a market leader, contributing to investor confidence and interest. Overall, the combination of strong financial fundamentals, positive investor sentiment, and favorable market conditions is driving the stock's rise.