Why is K E C Intl. falling/rising?

As of 07-Nov, K E C International Ltd's stock price is currently at 759.35, reflecting a decline of 27.75 points or 3.53%. The stock has been on a downward trend, having fallen for the last 11 consecutive days, resulting in a total decline of 11.09% during this period. It is trading below all its moving averages, indicating a bearish sentiment. Despite the company reporting positive results over the last seven quarters, including significant growth in profit before tax and net profit, the stock has underperformed the market considerably, with a year-to-date decline of 37.09% compared to a 6.50% gain in the benchmark index. Additionally, the high Debt to EBITDA ratio of 2.71 times raises concerns about the company's ability to service its debt, further contributing to the stock's negative performance.
In the broader market context, K E C International Ltd has underperformed relative to the Sensex, which has shown a slight decline of only 0.86% over the past week. The stock's performance over the past month has also been poor, with a drop of 11.95%, contrasting sharply with the Sensex's gain of 1.57%. This stark difference highlights the challenges faced by K E C International Ltd in attracting investor confidence, despite its strong fundamentals and high institutional holdings. The market's overall positive sentiment has not translated into gains for the stock, indicating that broader market trends are not favoring it at this time.