Why is Kajaria Ceramics falling/rising?

As of 30-Jul, Kajaria Ceramics Ltd. is currently priced at 1,165.85, reflecting a slight decline of 0.15 (-0.01%). The stock has been experiencing a downward trend, having lost 0.38% over the last two days. Although it is performing inline with the sector today, it has shown a negative return of 3.93% over the past week and a significant decline of 22.77% over the past year. However, it has seen a positive return of 8.17% over the past month. The company benefits from high management efficiency, indicated by a return on equity (ROE) of 15.46%, and a low debt-to-equity ratio, which may provide some stability. Additionally, high institutional holdings at 39.95% suggest confidence from more knowledgeable investors, which could support the stock's price.
In the broader market context, Kajaria Ceramics' recent performance has been relatively weak compared to the benchmark Sensex, which has declined only 1.50% over the past week. The stock's year-to-date return of 0.55% is also underperforming the Sensex's 4.28% gain. Despite the recent price drop, the stock remains liquid enough for trading, with a delivery volume increase of 37.52% against the five-day average. This liquidity, combined with its significant market capitalization of Rs 18,571 crore, indicates that it is a major player in its sector, constituting 32.07% of the industry, which may provide some resilience against broader market fluctuations.