Why is Kama Holdings falling/rising?

As of 16-Oct, Kama Holdings Ltd is experiencing a price increase, currently at 3,050.00, which reflects a rise of 83.9 or 2.83%. The stock has been gaining for the last two days, with a total return of 4.87% during this period. It has outperformed its sector by 2.95% today and has touched an intraday high of Rs 3088, indicating strong short-term performance. Over the past week, the stock has increased by 6.08%, significantly outperforming the Sensex, which rose by only 1.58%. Despite a decline in delivery volume by 27.4% compared to the 5-day average, the stock remains liquid enough for trading. The company shows strong long-term fundamental strength with an average Return on Equity (ROE) of 17.33%, and while its profits have fallen by 10.8% over the past year, it has still managed to generate a return of 15.75%, indicating resilience in its performance.
In the broader market context, Kama Holdings has outperformed the benchmark BSE500, which has seen negative returns of 0.82% over the last year, while Kama has achieved a return of 15.75%. This performance highlights the stock's ability to maintain a positive trajectory 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, contributing to investor confidence. Overall, the combination of strong recent performance, solid fundamentals, and the ability to outperform the market has led to the stock's rising price.