Why is Everest Kanto falling/rising?

As of 09-Jul, Everest Kanto Cylinder Ltd is experiencing a decline in its stock price, currently at Rs 140.50, reflecting a decrease of Rs 2.65 or 1.85%. The stock has underperformed its sector by 1.86% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 140, indicating a drop of 2.2%. Over the past week, the stock has shown a return of +2.00%, but it has significantly underperformed over the longer term, with a year-to-date return of -24.07%. 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. Despite a slight profit increase of 1.5% over the past year, the stock's performance has been hindered by a -32.09% decline in PAT and a -0.63% decrease in institutional investor participation.
In the broader market context, the Sensex has shown a modest gain of 0.15% over the past week, while Everest Kanto's performance has lagged behind with a return of +2.00%. This consistent underperformance against the benchmark is evident over the last three years, where the stock has generated -5.48% returns compared to the Sensex's +6.91% year-to-date performance. The falling participation by institutional investors, who have reduced their stake in the company, further suggests a lack of confidence in its fundamentals compared to the overall market.