Why is Somany Ceramics falling/rising?

As of 19-Sep, Somany Ceramics Ltd is experiencing a price increase, currently at Rs 489.50, reflecting a rise of Rs 12.15 or 2.55%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 3.17% and reached an intraday high of Rs 493.6. Despite a one-month decline of 4.23% and a year-to-date drop of 23.16%, the stock has shown resilience with a significant annual operating profit growth rate of 34.96%. However, the company has faced challenges, including negative results for the last five quarters, which may have contributed to its overall underperformance against benchmarks over the past three years.
Broader market context shows that while Somany Ceramics has outperformed the Sensex in the short term with a 1.66% gain over the past week compared to the benchmark's 0.88%, its longer-term performance remains concerning. The stock has generated a return of -32.32% over the past year, significantly underperforming the BSE500. High institutional holdings at 24.4% suggest that knowledgeable investors are monitoring the stock closely, yet the consistent negative results and declining profits could weigh on investor sentiment moving forward.