Why is Kajaria Ceramics falling/rising?

As of 22-Aug, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at 1,270.00, which reflects a decrease of 6.45 points or 0.51%. The stock has underperformed its sector by 0.33% today, despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, but lower than the 5-day moving average. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 4.58% compared to the 5-day average. Over the past week, the stock has shown a slight increase of 0.08%, while its performance over the last month has improved by 2.83%. However, the stock has underperformed on a yearly basis, with a decline of 6.03% compared to a modest increase of 0.31% in the benchmark index.
In the broader market context, the stock's short-term return of 0.08% over the past week is significantly lower than the Sensex's return of 0.88% during the same period. Despite this, Kajaria Ceramics benefits from high management efficiency, reflected in a return on equity (ROE) of 15.46%, and a low debt-to-equity ratio, indicating financial stability. The company also boasts high institutional holdings at 39.95%, suggesting confidence from knowledgeable investors. With a market capitalization of Rs 20,330 crore and significant sales contributing to the industry, these factors could provide a foundation for future price recovery, although current trends indicate a struggle against broader market movements.