Why is Cera Sanitary. falling/rising?

As of 02-Jul, Cera Sanitaryware Ltd is experiencing a decline in its stock price, currently at Rs 6,650.60, which reflects a decrease of Rs 132.35 or 1.95%. The stock has underperformed its sector by 3.75% today and has been on a downward trend for the last two days, accumulating a total loss of 3.29% during this period. Additionally, the stock's performance over the past week shows a decline of 1.94%, while it has fared better over the past month with a gain of 3.75%. Despite these fluctuations, the stock has seen a significant drop of 26.75% over the past year, even as its profits have risen by 3.1%. The company maintains a high return on equity (ROE) of 16.16% and a low debt-to-equity ratio, which suggests solid management efficiency and financial stability, yet these positive factors have not translated into recent stock price stability.
In the broader market context, the Sensex has shown a positive return of 0.79% over the past week, contrasting with Cera Sanitaryware's decline. While the stock has outperformed the benchmark over a three-year period with a return of 61.94% compared to the Sensex's 57.65%, its year-to-date performance remains concerning at -12.90% against the Sensex's gain of 6.75%. The falling investor participation, indicated by a 54.27% drop in delivery volume, further exacerbates the stock's decline, suggesting a lack of confidence among investors. Despite high institutional holdings at 27.52%, which typically provide a buffer against volatility, the current market sentiment appears to be weighing heavily on the stock's price.