Why is Cera Sanitary. falling/rising?

As of 11-Aug, Cera Sanitaryware Ltd's stock price is currently at Rs 6,410.25, reflecting an increase of Rs 215.25 or 3.47%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It outperformed its sector by 2.66% today, reaching an intraday high of Rs 6,410.25. However, the stock's performance over the past week and month has been negative, with declines of 2.52% and 4.01%, respectively. Despite a significant year-to-date drop of 16.05%, the company maintains a high management efficiency with a return on equity (ROE) of 16.16% and a low debt-to-equity ratio, which supports its valuation. Additionally, institutional holdings have increased, indicating confidence from larger investors.
In the broader market context, while Cera Sanitaryware Ltd has faced challenges with a year-over-year decline of 38.38%, the benchmark Sensex has only seen a slight increase of 1.13% during the same period. The stock's recent rise contrasts with the benchmark's performance, as it has outperformed the Sensex by 2.66% today. However, the stock's liquidity is somewhat limited, with a decrease in delivery volume, which may affect investor sentiment. Overall, while the stock is experiencing a short-term rebound, its longer-term performance remains under pressure compared to the broader market.