Why is Kajaria Ceramics falling/rising?

As of 25-Jun, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at Rs 1,092.00, which reflects a decrease of Rs 21.0 or 1.89%. Today's price summary indicates that the stock has underperformed its sector by 2.47% and opened with a significant loss of 7.64%, reaching an intraday low of Rs 1,028. Despite this downturn, the stock has shown positive performance over the past week and month, with returns of 6.92% and 10.29%, respectively. However, the company has faced challenges, including negative results for the last four consecutive quarters and a decline in profits, which have contributed to its poor long-term growth outlook. While it boasts high management efficiency and a low debt-to-equity ratio, these positives are overshadowed by its recent performance and valuation concerns, as it trades at a premium compared to peers.
In the broader market context, Kajaria Ceramics has underperformed relative to the benchmark, with a year-to-date return of -5.82% compared to the Sensex's 5.91%. Although the stock has shown some recovery in the short term, its long-term performance remains weak, particularly with a one-year return of -23.99% against the Sensex's 6.02%. This stark contrast highlights the challenges the company faces in regaining investor confidence, especially in light of its declining sales growth and profitability metrics. The rising investor participation noted in the recent trading volume may provide some support, but overall, the stock's recent movements reflect a cautious sentiment among investors.