Why is Kama Holdings falling/rising?

As of 04-Jul, Kama Holdings Ltd's stock price is rising, currently at 3,180.10, reflecting an increase of 80.1 (2.58%). The stock has recently hit a new 52-week high of Rs. 3218.95 and has outperformed its sector by 2.45%. It has been on a consecutive gain streak for the last three days, accumulating a total return of 7.4% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 34.95% against the 5-day average. Despite this, the stock maintains strong long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 17.33%, and is trading at a fair valuation compared to its peers.
In the broader market context, Kama Holdings has significantly outperformed the Sensex in the short term, with a 1-week return of +8.95% compared to the benchmark's -0.74%. Over the past month, the stock has increased by 20.05%, while the Sensex has only risen by 3.01%. This strong performance is contrasted by a decline in profits of 27.7% over the past year, which may temper some investor enthusiasm despite the stock's fair valuation and solid long-term fundamentals. Overall, the stock's recent upward movement can be attributed to its strong performance metrics and favorable comparisons to the broader market, even as it faces challenges with declining profits and investor participation.