Why is Kajaria Ceramics falling/rising?

As of 31-Jul, Kajaria Ceramics Ltd. has seen its stock price rise to 1,179.20, reflecting an increase of 13.35 or 1.15%. The stock has gained after two consecutive days of decline, reaching an intraday high of Rs 1193.4. However, it underperformed its sector by 0.3% today and has experienced a significant drop in delivery volume, which fell by 88.88% compared to the 5-day average. Over the past month, the stock has performed well, with a return of 9.30%, while its year-to-date performance stands at 1.70%. Despite a challenging one-year return of -20.73%, the company maintains a strong position in the market with high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings.
In the broader market context, the Sensex has declined by 1.22% over the past week, while Kajaria Ceramics has remained relatively stable with a minimal change of -0.01%. This indicates that the stock is holding up better than the overall market in the short term. However, the stock's performance over the last three years has lagged behind the benchmark, with a return of only 0.14% compared to the Sensex's 41.02%. The company's significant market capitalization and its contribution to the sector suggest that it is a key player, but the recent decline in investor participation could pose challenges ahead.