Why is Everest Kanto falling/rising?

As of 17-Nov, Everest Kanto Cylinder Ltd is experiencing a decline in its stock price, currently at Rs 132.40, which represents a decrease of Rs 10.3 or 7.22%. The stock has underperformed its sector by 8.45% today, opening with a loss of 5.29% and reaching an intraday low of Rs 132. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.23%, and it has also shown a significant decline of 28.45% year-to-date, while its profits have fallen by 17.4%. Although the company has a low debt-to-equity ratio and reported positive net sales growth, the stock's expensive valuation and lack of domestic mutual fund investment suggest investor caution.
In the broader market context, the Sensex has shown a positive return of 1.69% over the past week, contrasting sharply with Everest Kanto's negative performance. This underperformance is further highlighted by the stock's returns over the last year, which stand at -19.85%, compared to the Sensex's 9.50% gain. The stock's inability to attract domestic mutual funds, which typically conduct thorough research, may indicate a lack of confidence in its current valuation and business prospects. Overall, the combination of poor recent performance, high valuation relative to peers, and declining investor participation contributes to the stock's downward trajectory.