Why is Kajaria Ceramics falling/rising?

As of 02-Jul, Kajaria Ceramics Ltd. is experiencing a price increase, currently at Rs 1,123.90, reflecting a rise of Rs 45.0 or 4.17%. The stock has shown a positive performance today, outperforming its sector by 2.37%, and has gained consecutively over the last two days with a total return of 4.28% during this period. It reached an intraday high of Rs 1,131.85, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 260.83% compared to the 5-day average. Despite these positive indicators, the company has faced challenges, including negative results for the last four consecutive quarters and a decline in profits over the past year, which may temper investor enthusiasm.
In the broader market context, Kajaria Ceramics has outperformed the Sensex in the short term, with a 1-week return of 2.92% compared to the Sensex's 0.79%. However, the stock has underperformed over the longer term, with a year-to-date decline of 3.07% against the Sensex's gain of 6.75%. While the company boasts high management efficiency and significant institutional holdings, its long-term growth prospects appear limited due to slow sales growth and a high valuation compared to peers. This mixed performance suggests that while the stock is currently rising, underlying concerns about its financial health and market position may influence future price movements.