Why is Everest Kanto falling/rising?

As of 17-Jul, Everest Kanto Cylinder Ltd is experiencing a decline in its stock price, currently at Rs 138.75, which reflects a decrease of Rs 1.95 or 1.39%. The stock has underperformed its sector by 1.76% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 137.8, indicating a drop of 2.06%. Over the past week, the stock has gained 0.40%, but its year-to-date performance shows a significant decline of 25.02%. Despite a positive return of 7.89% over the past month, the stock's overall performance has been lackluster, with a one-year return of -11.54%. The company has a low debt-to-equity ratio and a fair valuation, but it is trading at a premium compared to its peers. Additionally, the recent flat results and a decrease in institutional investor participation have negatively impacted investor sentiment.
In the broader market context, the Sensex has declined by 1.12% over the past week, which suggests that the stock's short-term performance is somewhat better than the benchmark. However, the stock has consistently underperformed against the benchmark over the last three years, with a significant drop in returns compared to the BSE500. The recent decrease in institutional investor stakes, which fell by 0.63%, indicates a lack of confidence from more knowledgeable market participants. This combination of factors, including recent poor financial results and declining institutional interest, contributes to the stock's current downward movement.