Why is Everest Kanto falling/rising?

As of 07-Jul, Everest Kanto Cylinder Ltd's stock price is currently at 141.00, reflecting an increase of 4.3 (3.15%). The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 4.66%. The stock reached an intraday high of Rs 142.75, indicating strong intraday performance. However, despite this short-term gain, the stock has underperformed over the past year with a return of -3.26%. The company's low Debt to Equity ratio and a fair valuation with a Price to Book Value of 1.3 suggest some stability, but the recent flat results and declining participation from institutional investors, who have reduced their stake by -0.63%, raise concerns about its long-term prospects.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 1.22% over the past week while the Sensex has fallen by 0.20%. However, over the year-to-date, Everest Kanto has significantly lagged behind the benchmark, with a decline of -23.80% compared to the Sensex's increase of 6.79%. This consistent underperformance against the benchmark over the last three years further highlights the challenges the company faces, despite today's positive movement in stock price.