Why is Somany Ceramics falling/rising?

As of 15-Sep, Somany Ceramics Ltd is experiencing a price increase, currently at 500.20, which reflects a rise of 18.7 or 3.88%. The stock has shown a positive performance today, outperforming its sector by 6.06% and has gained 7.84% over the last two days. Despite a year-to-date decline of 21.48% and a one-year drop of 30.94%, the stock has recently touched an intraday high of Rs 512.4. The company benefits from a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.37 times, and has demonstrated healthy long-term growth with an annual operating profit increase of 34.96%. However, it has faced challenges, including negative results for the last five consecutive quarters and a significant profit decline of 35.2% over the past year.
In the broader market context, Somany Ceramics has outperformed the Sensex in the short term, with a 5.35% increase over the past week compared to the benchmark's 1.24%. However, the stock has consistently underperformed against the benchmark over the last three years, which may affect investor sentiment. The stock's liquidity remains adequate for trading, but there has been a slight decline in investor participation, with delivery volume down by 1.8% against the five-day average. Despite high institutional holdings at 24.4%, which could provide some stability, the overall negative performance metrics and recent underperformance against the broader market may continue to weigh on the stock's long-term outlook.