Why is Kajaria Ceramics falling/rising?

As of 15-Sep, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at 1,221.20, reflecting a decrease of 3.85 points or 0.31%. The stock has underperformed its sector by 0.56% today and has been on a downward trend for the last three days, accumulating a total loss of 1.79% during this period. Over the past week and month, the stock has also shown negative returns of 1.40% and 3.58%, respectively, while it has significantly underperformed the benchmark Sensex, which has gained 1.24% and 1.47% in the same time frames. Despite a year-to-date increase of 5.32%, the stock's one-year performance shows a decline of 15.33%, indicating a challenging environment for the company. The stock's liquidity remains adequate, but there has been a notable drop in investor participation, with delivery volume falling by 52.08% against the five-day average.
In the broader market context, Kajaria Ceramics' recent performance contrasts sharply with the Sensex, which has shown positive returns while the stock has struggled. The company's high management efficiency, reflected in a return on equity of 15.46%, and a low debt-to-equity ratio are positive indicators; however, these factors have not been sufficient to counteract the recent price declines. Additionally, the stock's high institutional holdings at 39.95% suggest that informed investors are backing the company, yet this has not translated into upward price momentum. Overall, while the company maintains a strong market position within its sector, the recent negative trends in stock performance and investor engagement have contributed to its current price decline.