Why is Kajaria Ceramics falling/rising?

As of 11-Sep, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at 1,233.75, which reflects a decrease of 9.65 points or 0.78%. The stock's performance today is in line with the sector, and while it is higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. The stock has seen a rise in investor participation, with a delivery volume increase of 40.64% against the 5-day average. Over the past week and month, the stock has underperformed, with returns of -0.75% and -5.75%, respectively, while year-to-date it has a positive return of 6.40%. Despite these short-term declines, the company maintains a high management efficiency with a return on equity of 15.46%, a low debt-to-equity ratio, and significant institutional holdings at 39.95%, which suggests a strong fundamental position.
In the broader market context, Kajaria Ceramics' recent performance contrasts with the Sensex, which has gained 1.03% over the past week and 1.17% over the past month. The stock's year-on-year performance shows a decline of 13.99%, while the Sensex has remained relatively flat with a 0.03% increase. This underperformance relative to the benchmark may contribute to the downward pressure on the stock price. However, the company's substantial market capitalization of Rs 19,845 crore and its significant share of the industry sales at 21.05% indicate its dominant position in the sector, which could provide a buffer against broader market fluctuations.