Why is Kajaria Ceramics falling/rising?

As of 26-Aug, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at Rs 1,233.25, which reflects a decrease of Rs 29.45 or 2.33%. The stock has underperformed its sector by 0.5% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 3.38% during this period. Additionally, the stock's performance over the past week shows a decline of 4.28%, while it has gained 5.74% over the past month. Despite its strong fundamentals, including a high return on equity of 15.46% and a low debt-to-equity ratio, the stock's recent movement is negatively impacted by falling investor participation, with delivery volume dropping significantly by 61.78% against the five-day average.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 1.05% over the same week. While Kajaria Ceramics has shown a year-to-date gain of 6.36%, its one-year performance reflects a decline of 8.85%, contrasting with the Sensex's modest drop of 1.12%. The company's substantial market capitalization and high institutional holdings suggest that it has a solid foundation; however, the recent underperformance and declining investor interest may be contributing to the stock's current downward trajectory.