Why is Everest Kanto falling/rising?

As of 03-Jul, Everest Kanto Cylinder Ltd is experiencing a decline in its stock price, currently at 137.15, which reflects a decrease of 0.6 or 0.44%. The stock has underperformed its sector by 0.43% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 1.58%. Despite showing positive returns over the past week and month, with increases of 1.22% and 5.62% respectively, the year-to-date performance remains concerning, with a significant decline of 25.88%. The company's financial metrics indicate a fair valuation, but it is trading at a premium compared to its peers. Recent results have shown a decline in profitability, with a 32.09% drop in PAT over the last six months, which may contribute to the stock's negative sentiment. Additionally, falling participation from institutional investors, who have reduced their stake, could further impact investor confidence.
In the broader market context, the Sensex has shown a slight decline of 0.62% over the past week, while Everest Kanto's performance has been relatively better in the same timeframe. However, the stock's year-to-date performance is significantly worse than the benchmark, which has gained 6.53%. The falling investor participation, particularly a 61.5% drop in delivery volume compared to the five-day average, suggests a lack of interest and confidence among traders. This combination of underwhelming financial results, reduced institutional interest, and a general decline in market sentiment appears to be driving the stock's recent price movement downward.