Why is Kajaria Ceramics falling/rising?

As of 18-Jul, Kajaria Ceramics Ltd. has seen its stock price rise to 1,231.30, reflecting an increase of 8.3 points or 0.68%. The stock has outperformed its sector by 1.31% today and has been on a consecutive gain for the last two days, accumulating a total return of 4.19% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock's performance over the past week shows a gain of 5.24%, significantly outperforming the Sensex, which has declined by 0.90%. Furthermore, the rising delivery volume, which increased by 108.57% against the 5-day average, suggests heightened investor interest and participation. The company's high management efficiency, indicated by a return on equity (ROE) of 15.43%, and a low debt-to-equity ratio, along with substantial institutional holdings at 43.46%, further bolster investor confidence.
In the broader market context, Kajaria Ceramics has demonstrated a robust performance compared to the Sensex, particularly over the past week and month, where it achieved returns of 5.24% and 20.56%, respectively, while the Sensex only managed a slight increase of 0.38% over the same month. Despite a year-over-year decline of 9.82%, the stock's strong performance in the short term and its significant market capitalization of Rs 19,479 crore, which constitutes 32.35% of the entire sector, positions it favorably against broader market trends. This combination of strong recent performance, efficient management, and solid institutional backing contributes to the stock's upward movement in a market that has been relatively flat.