Why is Cera Sanitary. falling/rising?

As of 26-Jun, Cera Sanitaryware Ltd is experiencing a decline in its stock price, currently at Rs 6,611.00, reflecting a decrease of Rs 171.5 or 2.53%. The stock has underperformed its sector by 2.21% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 2.78%. The stock touched an intraday low of Rs 6,575.05, indicating significant selling pressure. Additionally, the stock's performance over the past week shows a decline of 2.86%, while its year-to-date performance is down by 13.42%. Despite a high management efficiency with a return on equity (ROE) of 16.16% and a low debt-to-equity ratio, the stock's recent performance has been negatively impacted by falling investor participation, with delivery volume dropping by 66.82% compared to the five-day average.
In the broader market context, the Sensex has shown a positive return of 2.94% over the past week, contrasting sharply with Cera Sanitaryware's decline. While the stock has generated a negative return of 26.49% over the past year, it is noteworthy that its profits have risen by 3.1%, suggesting that the stock may be undervalued relative to its fundamentals. The stock's attractive valuation, with a price-to-book value of 6.4, and high institutional holdings at 27.52% indicate that there is potential for recovery. However, the recent trend of declining prices and lower trading volumes suggests that investor sentiment remains cautious, contributing to the stock's current downward trajectory.