Why is Everest Kanto falling/rising?

As of 02-Jul, Everest Kanto Cylinder Ltd is experiencing a decline in its stock price, currently at Rs 137.75, which reflects a decrease of Rs 1.6 or 1.15%. The stock has underperformed its sector by 0.72% today and reached an intraday low of Rs 136.05, marking a drop of 2.37%. Over the past week, the stock has seen a slight decrease of 0.40%, while it has gained 4.12% over the past month. However, the year-to-date performance shows a significant decline of 25.56%, despite a modest annual return of 4.44%. The company has a low Debt to Equity ratio and a fair valuation with a Price to Book Value of 1.3, but it is trading at a premium compared to its peers. The recent financial results indicate a concerning trend, with a 32.09% decline in PAT over the last six months and a decrease in institutional investor participation, which has fallen by 0.63%.
In the broader market context, the Sensex has shown a positive return of 0.79% over the past week and 2.50% over the past month, contrasting with Everest Kanto's recent struggles. The company's year-to-date performance is significantly lagging behind the benchmark, which has gained 6.75% during the same period. This underperformance, combined with falling investor participation and disappointing financial results, suggests that the stock's recent movement is influenced by both company-specific challenges and a stronger overall market environment.