Why is Kajaria Ceramics falling/rising?

As of 25-Jul, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at Rs 1,166.35, which reflects a decrease of Rs 12.95 or 1.1%. The stock has been on a downward trend for the last four days, resulting in a total drop of 6.94% during this period. Despite its current price being higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. The stock has shown mixed performance over different time frames, with a 1-week return of -5.27% compared to the Sensex's -0.36%, while it has gained 6.81% over the past month against the benchmark's -1.56%. The company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which contribute to its stability despite the recent price drop.
Broader Market Context: In the short term, Kajaria Ceramics' performance has lagged behind the benchmark, as indicated by its negative return over the past week compared to the Sensex. The broader market has shown a slight decline, but Kajaria's performance has been notably worse, suggesting specific challenges for the company. The stock's liquidity remains adequate, with a significant increase in delivery volume, indicating rising investor participation, which may help stabilize the price in the future. Overall, while the stock faces short-term pressures, its strong fundamentals and institutional backing provide a foundation for potential recovery.