Why is Eveready Inds. falling/rising?

As of 16-Sep, Eveready Industries India Ltd is experiencing a decline in its stock price, currently at Rs 437.00, reflecting a decrease of Rs 8.25 or 1.85%. The stock has underperformed its sector by 1.32%, with an intraday low of Rs 436.2, indicating a drop of 2.03%. Although the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages. Despite a rise in delivery volume by 0.52% against the 5-day average, the overall performance suggests a lack of momentum in the stock's price movement. The stock vs benchmark returns data is not available.
In terms of broader market context, the stock's recent performance shows a negative return of -5.33% over the past year, despite a significant profit increase of 25.2%. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 18.23% and has reported positive results for the last nine consecutive quarters. However, the stock is trading at a discount compared to its peers' average historical valuations, which may indicate that investors are cautious despite the company's solid fundamentals. The majority of shareholders are non-institutional, which could also influence trading dynamics and investor sentiment.