Why is Kajaria Ceramics falling/rising?

As of 08-Jul, Kajaria Ceramics Ltd. is currently priced at 1,160.40, reflecting a decrease of 4.6 points or 0.39%. The stock has underperformed its sector by 0.25% today and has experienced a trend reversal after five consecutive days of gains. Despite this recent decline, the stock has shown strong performance over the past week and month, with returns of 7.55% and 14.33%, respectively. However, it has faced challenges, including a significant drop in investor participation, with delivery volume falling by 74.43% compared to the five-day average. The company has a high management efficiency indicated by a return on equity (ROE) of 15.43% and low debt-to-equity ratio, but it has also reported negative results for the last four consecutive quarters, leading to concerns about its long-term growth prospects.
In the broader market context, while Kajaria Ceramics has shown positive short-term returns, it has consistently underperformed against the benchmark, with a one-year return of -19.73% compared to the Sensex's 4.69%. This underperformance is compounded by the company's declining profits and expensive valuation relative to its peers, which may deter potential investors. The stock's recent price movement reflects a combination of short-term gains overshadowed by long-term concerns, particularly its negative quarterly results and lower profitability, which could be influencing investor sentiment negatively.