Why is Kajaria Ceramics falling/rising?

As of 18-Sep, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at 1,228.60, which reflects a decrease of 6.4 points or 0.52%. The stock has recently shown a trend reversal, falling after two consecutive days of gains. In terms of performance, it has underperformed against the benchmark Sensex over the past week and month, with returns of -0.42% and -4.36%, respectively, while the Sensex has gained 1.80% and 2.14%. Despite this, the stock has a high management efficiency indicated by a return on equity (ROE) of 15.46%, a low debt-to-equity ratio, and significant institutional holdings at 39.95%, which may provide some support against the recent price decline.
Broader Market Context: The broader market context shows that while Kajaria Ceramics has struggled in the short term, it has a positive year-to-date return of 5.96%, albeit lower than the Sensex's 6.24%. The stock's liquidity remains adequate for trading, but a notable decrease in delivery volume suggests falling investor participation, which could be contributing to the downward pressure on the stock price. Overall, while the company maintains strong fundamentals, its recent performance relative to the market and declining investor interest may be influencing the current price movement.