Why is Kama Holdings falling/rising?

As of 22-Jul, Kama Holdings Ltd is experiencing a price increase, currently at 3,113.00, reflecting a rise of 23.0 points or 0.74%. The stock has shown strong performance recently, outperforming its sector by 0.95% today and has been gaining for the last two days, accumulating a total return of 1.24% in that period. Over the past month, the stock has risen by 9.27%, and year-to-date, it has generated a notable return of 27.47%. Despite a decline in profits by 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%, and it is trading at a fair valuation compared to its peers.
In the broader market context, Kama Holdings has outperformed the benchmark, as indicated by its 1-year return of 15.04% compared to the BSE500's return of just 0.99%. While the stock's recent performance has been positive, it is important to note that investor participation has decreased, with delivery volume falling by 20.25% against the 5-day average. Nevertheless, the stock remains liquid enough for trading, suggesting that despite the drop in participation, there is still sufficient interest in the stock. Overall, the combination of strong returns relative to the market and favorable trading conditions contributes to the stock's rising price.