Why is Kama Holdings falling/rising?

As of 16-Sep, Kama Holdings Ltd is experiencing a price increase, currently at 3,034.00, reflecting a rise of 54.0 or 1.81%. The stock has outperformed its sector today by 1.53%, and it is trading above all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has shown a return of 2.33%, while its performance over the past month is slightly better at 2.37%. Despite a year-on-year return of 11.02%, the company has faced a decline in profits of 10.8%, which may temper investor enthusiasm. The stock is considered to have 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, the stock has outperformed the BSE500 benchmark, which has generated negative returns of -2.93% over the past year, while Kama Holdings has achieved a positive return of 11.02%. This indicates that the stock is not only resilient but also attractive to investors in a declining market. However, it is worth noting that there has been a significant drop in investor participation, with delivery volume falling by 65.32% against the 5-day average, which could raise concerns about future liquidity and demand. Overall, the combination of strong performance relative to the market and solid fundamentals supports the stock's upward movement, despite the recent decline in profits and investor participation.