Why is Everest Kanto falling/rising?

As of 12-Sep, Everest Kanto Cylinder Ltd's stock price is currently at 138.10, reflecting a decrease of 2.25, or 1.6%. The stock has underperformed its sector today, with a performance drop of 0.59%. It has been on a consecutive decline for the last two days, accumulating a total loss of 2.02%. In terms of returns, the stock has seen a 1-week decline of 1.78% and a year-to-date drop of 25.37%, significantly underperforming the broader market, which has gained 4.82% in the same period. While the company has a low debt-to-equity ratio and has shown healthy long-term growth in operating profit, the lack of domestic mutual fund investment and the stock's substantial underperformance over the past year indicate investor hesitance.
Broader market context shows that while the Sensex has gained 1.48% over the past week, Everest Kanto's stock has declined, highlighting a stark contrast in performance. The stock's recent movement is further compounded by falling investor participation, as indicated by a 25.66% decrease in delivery volume compared to the 5-day average. Despite positive financial indicators such as a rise in net sales and operating profit, the stock's significant decline over the past year, coupled with a premium valuation compared to peers, suggests that investors remain cautious, leading to its current downward trend.