Why is Kajaria Ceramics falling/rising?

As of 18-Aug, Kajaria Ceramics Ltd. is currently priced at Rs 1,284.65, reflecting an increase of Rs 15.7 or 1.24%. The stock has shown a positive performance today, reaching an intraday high of Rs 1,300, which is a 2.45% increase. Despite this, the stock has experienced a decline of 1.49% over the past week, while it has gained 4.33% over the past month. The company is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a significant drop in investor participation, with delivery volume falling by 88.51% against the 5-day average. The company boasts a high management efficiency with a return on equity (ROE) of 15.46%, a low debt-to-equity ratio, and substantial institutional holdings at 39.95%, which may contribute positively to investor confidence.
In the broader market context, while Kajaria Ceramics has underperformed the Sensex with a 1-year return of -7.36% compared to the benchmark's 1.04%, it has outperformed in the year-to-date (YTD) period with a return of 10.79% against the Sensex's 4.01%. This suggests that despite recent challenges, the stock has shown resilience over a longer timeframe. The stock's liquidity remains adequate for trading, with a market capitalization of Rs 20,211 crore, making it the largest player in its sector and accounting for a significant portion of industry sales.