Why is Kajaria Ceramics falling/rising?

As of 28-Jul, Kajaria Ceramics Ltd. is currently priced at Rs 1,170.35, reflecting an increase of Rs 4.0 or 0.34%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It reached an intraday high of Rs 1,199.2, which is a 2.82% increase. Despite this positive movement today, the stock has underperformed over the past week with a decline of 6.62%, while it has performed better over the past month with a gain of 7.56%. The company boasts a high management efficiency with a return on equity (ROE) of 15.46% and a low debt-to-equity ratio, which supports its stability. Additionally, high institutional holdings at 39.95% indicate strong confidence from knowledgeable investors, which may contribute to the stock's recent upward movement.
In the broader market context, while Kajaria Ceramics has outperformed its sector today, the stock's performance over the past week contrasts sharply with the benchmark Sensex, which has only declined by 1.59%. Year-to-date, Kajaria's return of 0.94% lags behind the Sensex's 3.52% gain, and its one-year performance shows a significant drop of 18.39% compared to the Sensex's minor decline of 0.54%. The stock's liquidity remains adequate for trading, but a notable decrease in delivery volume by 43.45% suggests a potential decline in investor interest, which could impact future price movements.