Why is Kajaria Ceramics falling/rising?

As of 13-Aug, Kajaria Ceramics Ltd. is experiencing a rise in its stock price, currently at Rs 1,269.35, reflecting an increase of Rs 17.5 or 1.4%. The stock has shown a positive trend today, outperforming its sector by 0.39% and reversing a two-day decline. It reached an intraday high of Rs 1,284.35, indicating strong intraday performance. Over the past week, the stock has gained 6.68%, while its one-month return stands at 8.49%. Despite a year-on-year decline of 10.05%, the stock has demonstrated resilience with a year-to-date increase of 9.47%. The company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which contribute positively to investor confidence.
In the broader market context, while Kajaria Ceramics has outperformed the Sensex over the past week and month, the benchmark has seen a slight decline of 0.01% and 2.38%, respectively. This suggests that the stock's recent performance is relatively strong compared to the overall market. However, it is important to note that there has been a significant drop in investor participation, with delivery volume decreasing by 54.29% against the five-day average, which could indicate a potential concern for future trading activity. Despite this, the stock remains liquid enough for substantial trades, and its substantial market capitalization reinforces its position as a leader in the sector.