Why is Kajaria Ceramics falling/rising?

As of 07-Aug, Kajaria Ceramics Ltd. is experiencing a price increase, currently at Rs 1,272.00, reflecting a rise of Rs 82.15 or 6.9%. The stock has shown strong performance today, outperforming its sector by 4.62% and achieving a consecutive gain over the last two days with a total return of 7.16%. It has also reached an intraday high of Rs 1,272, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume, which fell by 87.76% against the 5-day average, the company boasts high management efficiency with a return on equity of 15.46% and a low debt-to-equity ratio, contributing to investor confidence. Additionally, with high institutional holdings at 39.95%, the stock benefits from the analytical capabilities of these investors.
In the broader market context, Kajaria Ceramics has outperformed the benchmark Sensex in the short term, with a 1-week return of +7.87% compared to the Sensex's -0.69%. Over the past month, the stock has increased by 9.18%, while the Sensex has decreased by 3.38%. This trend indicates that while the overall market may be facing challenges, Kajaria Ceramics is gaining traction, likely due to its strong fundamentals and position as a leading player in the ceramics sector, which has also seen a gain of 2.28%.