Why is Kajaria Ceramics falling/rising?

As of 16-Sep, Kajaria Ceramics Ltd. has experienced a price increase, currently standing at 1,234.35, reflecting a rise of 13.15 or 1.08%. Today's price summary indicates that the stock has outperformed its sector by 0.35% and has shown a trend reversal after three consecutive days of decline. However, the stock's recent performance over the past week and month has been negative, with declines of 0.14% and 2.54%, respectively. Despite this, the stock has a year-to-date gain of 6.46%. The company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which may contribute positively to investor sentiment and support the recent price increase.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has gained 1.58% over the past week and 2.21% over the past month. This underperformance in the short term contrasts with the stock's year-to-date performance, which has outpaced the benchmark. The falling investor participation, as indicated by a significant drop in delivery volume, suggests caution among retail investors, which could impact future price movements. Nonetheless, Kajaria Ceramics remains a dominant player in its sector, constituting a substantial portion of the market, which may provide some resilience against broader market fluctuations.