Why is Kajaria Ceramics falling/rising?

As of 30-Jun, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at 1,077.80, reflecting a decrease of 10.3 points or 0.95%. The stock has underperformed its sector by 1.31% today and has been on a consecutive fall for the last two days, resulting in a total decline of 3.44%. While the stock has shown some positive movement in the past week and month, with returns of 1.55% and 3.74% respectively, it has significantly underperformed over the year, with a drop of 23.41%. The company has high management efficiency with a return on equity (ROE) of 15.43% and a low debt-to-equity ratio, but it has also faced challenges, including negative results for the last four consecutive quarters and a decline in profits.
Broader market context indicates that while the Sensex has generated a return of 2.09% over the past week and 2.65% over the past month, Kajaria Ceramics has lagged behind, particularly with a year-to-date return of -7.05% compared to the Sensex's 7.00%. The stock's performance is further impacted by its expensive valuation, trading at a premium relative to its peers, and the fact that its profits have fallen by 24.6% over the past year. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the overall sentiment remains cautious due to the company's poor long-term growth prospects and recent financial performance.