Why is Everest Kanto falling/rising?

As of 16-Sep, Everest Kanto Cylinder Ltd's stock price is currently at 140.70, reflecting a decrease of 1.35, or 0.95%. The stock has underperformed its sector today by 2.08%, despite showing higher performance compared to its 5-day, 50-day, and 100-day moving averages. Over the past week, the stock has gained 1.74%, but it has seen a significant decline of 7.77% over the past month and a staggering 23.97% year-to-date. While the company has a low debt-to-equity ratio and has demonstrated healthy long-term growth with a 27.20% annual increase in operating profit, the stock's performance has been negatively impacted by a lack of domestic mutual fund investment, which may indicate a lack of confidence in its current valuation.
Broader market context shows that while the Sensex has gained 1.58% over the past week, Everest Kanto's performance has lagged behind with a 1.74% increase. The stock's year-over-year return of -31.80% starkly contrasts with the broader market's slight decline of -0.73%. This underperformance, combined with the company's relatively high price-to-book value compared to peers and the absence of domestic mutual fund interest, suggests that investor sentiment remains cautious, contributing to the stock's recent price decline.