Why is Cera Sanitary. falling/rising?

As of 29-Aug, Cera Sanitaryware Ltd's stock price is currently at 6,315.10, reflecting an increase of 94.0 or 1.51%. Today, the stock has shown a positive trend, gaining after three consecutive days of decline and opening with a gap up of 2.88%. It reached an intraday high of Rs 6,400. Despite this uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term bearish trend. Over the past year, the stock has significantly underperformed, with a return of -33.32%, while its profits have increased by 7%. The company boasts a high management efficiency with a return on equity (ROE) of 16.16% and a low debt-to-equity ratio, which contributes positively to its valuation. However, the stock's poor long-term growth and negative results in recent quarters raise concerns among investors.
In the broader market context, Cera Sanitaryware's short-term performance has outpaced the benchmark Sensex, which has declined by 1.84% over the past week, while the stock itself has fallen by 3.02%. This indicates that while the stock is experiencing a temporary rebound, it remains under pressure compared to its historical performance and the overall market. The stock's high institutional holdings at 29.25% suggest that more informed investors are backing the company, but the significant drop in delivery volume and the stock's underperformance over the last year highlight ongoing challenges. Overall, while today's price movement shows a slight recovery, the long-term outlook remains cautious due to the company's inconsistent growth metrics and market performance.