Why is Kajaria Ceramics falling/rising?

As of 24-Sep, Kajaria Ceramics Ltd. is experiencing a price increase, with its current price at Rs 1,212.00, reflecting a rise of Rs 26.7 or 2.25%. Today's price summary indicates that the stock has outperformed its sector by 0.89% and has gained after four consecutive days of decline, reaching an intraday high of Rs 1,226.15. Despite a recent downward trend, the stock's performance over the year shows a significant decline of 21.86%, while it has a year-to-date increase of 4.53%. The company benefits from high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, which contribute positively to investor confidence and may support the stock's recent upward movement.
In the broader market context, Kajaria Ceramics' short-term performance over the past week shows a decline of 1.86%, which is worse than the benchmark Sensex's decline of 1.18%. However, the stock's year-to-date performance is slightly behind the Sensex, which has increased by 4.58%. The liquidity of the stock is adequate, with a delivery volume increase of 0.4% against the five-day average, indicating rising investor participation. Overall, while the stock has faced challenges in the short term, the recent price increase may reflect a potential trend reversal supported by strong fundamentals and investor interest.