Why is Cera Sanitary. falling/rising?

As of 12-Aug, Cera Sanitaryware Ltd's stock price is currently at 6,356.20, reflecting a decrease of 54.05 points or 0.84%. The stock has underperformed in the short term, with a 1-week return of -0.85% and a 1-month return of -4.82%. Despite today's performance, where it outperformed its sector by 1.28%, the ceramics sector overall has declined by 2.12%. The stock is trading above its 5-day and 100-day moving averages but below its 20-day, 50-day, and 200-day moving averages. Although the stock has seen a significant drop of 38.26% over the past year, it has shown a profit increase of 7%, indicating some resilience. The company maintains a high return on equity (ROE) of 16.16% and a low debt-to-equity ratio, which supports its valuation as attractive compared to peers.
In the broader market context, Cera Sanitaryware's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.59% over the past week and a 2.75% decline over the past month. The stock's year-to-date performance is notably worse than the Sensex, with a decline of 16.75% compared to the index's gain of 2.68%. However, the stock benefits from high institutional holdings at 29.25%, which suggests confidence from larger investors who have increased their stake by 1.73% in the previous quarter. This institutional interest may provide some support for the stock despite its recent price decline.