Why is Kama Holdings falling/rising?

As of 28-Jul, Kama Holdings Ltd is experiencing a price increase, currently at 3,099.00, reflecting a rise of 25.0 or 0.81%. The stock has shown a positive trend today, outperforming its sector by 2.18% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 110.97% compared to the 5-day average. Over the past month, the stock has gained 6.17%, while it has outperformed the benchmark Sensex, which has declined by 1.59% in the same period. Despite a year-over-year profit decline of 27.7%, the stock has still managed to generate a return of 9.12%, showcasing its strong long-term fundamental strength with an average Return on Equity (ROE) of 17.33%.
In the broader market context, Kama Holdings has demonstrated resilience compared to the benchmark, as it has achieved positive returns while the BSE500 has faced negative returns of 2.52% over the last year. This performance indicates that investors are favoring Kama Holdings despite broader market challenges. The stock's fair valuation, with a Price to Book Value of 1.4, suggests it is trading at a reasonable level compared to its peers, which may contribute to its attractiveness among investors. Overall, the combination of strong recent performance, increased trading activity, and favorable valuation metrics supports the stock's upward movement.