Why is Kajaria Ceramics falling/rising?

As of 10-Jul, Kajaria Ceramics Ltd. is currently priced at 1,183.20, reflecting a rise of 4.7 points or 0.4%. The stock has shown a positive trend recently, gaining 1.96% over the last two days, although it has underperformed its sector by 0.62% today. Despite this recent uptick, the stock has a mixed performance history, with a 1-week return of +3.50% and a 1-month return of +11.16%, but it has significantly underperformed over the past year with a decline of -17.56%. Factors contributing to the stock's recent movement include high management efficiency indicated by a return on equity (ROE) of 15.43% and a low debt-to-equity ratio, alongside strong institutional holdings at 43.46%. However, the company has faced challenges, including negative results for the last four consecutive quarters and a decline in profits, which may weigh on investor sentiment.
In the broader market context, while Kajaria Ceramics has shown some short-term gains, it has lagged behind the benchmark Sensex, which has returned +0.97% over the past month. The stock's year-to-date performance of +2.04% is also below the Sensex's +6.46%. This underperformance in the long term, coupled with a significant drop in delivery volume and a high price-to-book ratio compared to peers, suggests that despite recent gains, investor confidence may be tempered by the company's ongoing financial challenges and its inability to generate consistent growth.