Why is Eveready Inds. falling/rising?

As of 18-Sep, Eveready Industries India Ltd is experiencing a decline in its stock price, currently at 428.70, which reflects a decrease of 5.8 points or 1.33%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.72% during this period. It opened today with a loss of 2.19% and reached an intraday low of Rs 425. Additionally, the stock has underperformed its sector by 1.26%. Despite a positive long-term performance with a year-to-date return of 9.20%, the stock has generated a negative return of 4.90% over the past year, even as profits have increased by 25.2%. The company maintains a high management efficiency with a return on capital employed (ROCE) of 18.23%, and its valuation appears attractive compared to peers, yet the recent price movement suggests investor sentiment may be cautious.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a one-week return of -3.62% compared to the Sensex's gain of 1.80%. This underperformance highlights a divergence in market sentiment, as the broader market has shown resilience while Eveready Industries struggles. The falling investor participation, indicated by a significant drop in delivery volume, further suggests a lack of confidence among investors, contributing to the stock's recent decline. Overall, while the company has demonstrated strong operational metrics and profitability, the recent price movements reflect a challenging market environment and investor sentiment that may be weighing on the stock.