Why is Kajaria Ceramics falling/rising?

As of 23-Sep, Kajaria Ceramics Ltd. is experiencing a decline in its stock price, currently at 1,185.90, which reflects a decrease of 13.8 points or 1.15%. The stock has been on a downward trend, having lost 3.98% over the last four days. In terms of performance relative to the market, the stock has underperformed in the short term, with a 1-week return of -3.93% compared to the Sensex's -0.34%. Additionally, the stock's delivery volume has decreased by 1.15% against its 5-day average, indicating falling investor participation. Despite these challenges, 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 may provide some support to the stock.
In the broader market context, Kajaria Ceramics' recent performance contrasts sharply with the benchmark, as it has declined over the past month by 6.62%, while the Sensex has gained 0.98%. Over the past year, the stock has faced a significant drop of 21.84%, while the Sensex has only decreased by 3.33%. Despite its strong market position, comprising 33.88% of the sector and generating 21.05% of industry sales, the stock's recent performance suggests that it is struggling to attract investor confidence in the current market environment.