Why is Kama Holdings falling/rising?

As of 03-Jul, Kama Holdings Ltd is experiencing a price increase, currently at 3,100.00, reflecting a change of 30.0 (0.98%) upward. The stock has recently hit a new 52-week high of Rs. 3170 and has outperformed its sector by 1.5%. Over the past week, the stock has gained 5.08%, and in the last month, it has risen by 17.03%. Additionally, it has shown consistent performance, with a 4.7% increase over the last two days. Despite a significant drop in profits of -27.7% over the past year, the stock maintains a strong long-term fundamental strength with an average Return on Equity (ROE) of 17.33%, indicating fair valuation compared to its peers.
In the broader market context, Kama Holdings' short-term performance is notably stronger than the benchmark Sensex, which has declined by 0.62% over the past week while Kama has risen by 5.08%. This contrast highlights the stock's resilience and attractiveness to investors, especially given its liquidity and rising investor participation, as evidenced by a slight increase in delivery volume. The stock's ability to trade above all key moving averages further supports its upward momentum, despite the challenges posed by declining profits.