Why is Kajaria Ceramics falling/rising?

As of 26-Jun, Kajaria Ceramics Ltd. is experiencing a price increase, with its current price at Rs 1,116.20, reflecting a rise of Rs 24.2 or 2.22%. The stock has outperformed its sector by 2.54% today and reached an intraday high of Rs 1,121.5. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a rise in investor participation, with delivery volume increasing by 3.87% compared to the 5-day average. Despite this positive movement, the company has faced challenges, including poor long-term growth and negative results over the last four consecutive quarters, which may weigh on investor sentiment.
In the broader market context, Kajaria Ceramics has shown a strong short-term performance, with a 1-week return of 9.97%, significantly outperforming the Sensex, which returned 2.94% in the same period. However, the stock has underperformed over the longer term, with a year-to-date return of -3.73% compared to the Sensex's 7.19%. The company's high institutional holdings at 43.46% suggest that knowledgeable investors are backing it, but the stock's recent negative performance, including a -21.27% return over the past year, raises concerns about its valuation and growth prospects.