Why is Kajaria Ceramics falling/rising?

As of 29-Jul, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at Rs 1,166.00, which reflects a decrease of Rs 4.35 or 0.37%. The stock opened lower today, with a gap down of 4.25%, reaching an intraday low of Rs 1,120.65. Despite this drop, the stock has shown a positive return of 7.16% over the past month, although it has decreased by 19.59% over the past year. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 58.5% compared to the 5-day average, indicating heightened interest despite the current price decline. The company boasts a high return on equity (ROE) of 15.46% and a low debt-to-equity ratio, which suggests strong management efficiency and financial stability.
In the broader market context, Kajaria Ceramics' recent performance contrasts with the benchmark Sensex, which has only declined by 1.03% over the past week. This indicates that while the stock is underperforming in the short term, it has outperformed the benchmark over the past month. The company's significant market capitalization of Rs 18,640 crore and its high institutional holdings at 39.95% further support its position in the sector, as these investors typically have better analytical capabilities. However, the stock's year-to-date performance shows a modest increase of 0.56%, which is less than the Sensex's gain of 4.09%, suggesting that while there are positive factors at play, the stock is currently facing challenges that are impacting its price negatively.