Why is Kama Holdings falling/rising?

As of 23-Jul, Kama Holdings Ltd is experiencing a price increase, currently at 3,136.95, reflecting a rise of 23.95 or 0.77%. The stock has been gaining momentum, having risen for the last three consecutive days, with a total return of 2.01% over the past week. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Additionally, the stock is close to its 52-week high, being only 4.1% away from the peak of Rs 3,265.5. Despite a decline in profits over the past year by 27.7%, the stock has still generated a return of 15.80%, significantly outperforming the market, which has seen a return of only 1.79%. The company 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 index, the Sensex, which has only increased by 0.11% over the past week. The stock's performance over the last month shows a return of 10.37%, compared to the Sensex's 1.01%, further highlighting its strong market position. The rising investor participation, evidenced by a significant increase in delivery volume, suggests growing confidence among investors. The liquidity of the stock is also favorable, allowing for adequate trading size. Overall, the combination of positive returns, strong fundamentals, and favorable trading conditions contributes to the stock's upward movement.