Why is Everest Kanto falling/rising?

As of 15-Jul, Everest Kanto Cylinder Ltd's stock price is currently at Rs 139.80, reflecting an increase of Rs 3.1, or 2.27%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.87% during this period. It outperformed its sector by 1.07% today and reached an intraday high of Rs 140.85. However, despite this recent uptick, the stock has underperformed over the past year with a return of -8.72%, and its profits have only risen by 1.5%. The company has a low Debt to Equity ratio and a fair valuation indicated by a Price to Book Value of 1.3, but it is trading at a premium compared to its peers. Additionally, there has been a decline in institutional investor participation, which may negatively impact investor sentiment.
In the broader market context, the stock's short-term performance over the past week shows a decline of -2.34%, while the benchmark Sensex has decreased by a lesser -1.36%. This indicates that the stock is not only struggling in its own right but is also lagging behind the overall market. The stock's long-term performance has been concerning, with a significant underperformance against the benchmark over the last three years, which may contribute to cautious sentiment among investors. Overall, while there are some positive short-term movements, the underlying fundamentals and longer-term performance suggest a challenging environment for Everest Kanto Cylinder Ltd.