Why is K P R Mill Ltd falling/rising?

As of 01-Aug, K P R Mill Ltd is experiencing a decline in its stock price, currently at Rs 1,066.65, which represents a decrease of Rs 74.3 or 6.51%. The stock has underperformed its sector by 3.76% today and has been on a downward trend for the last two days, accumulating a total decline of 9.1%. Additionally, the stock's performance over the past week shows a decrease of 9.52%, while it has seen a modest increase of 7.16% year-to-date and a significant rise of 23.74% over the past year. Despite these long-term gains, the stock's recent movement is influenced by its lower performance relative to shorter moving averages and a drop in the textile sector, which has fallen by 2.93%. The stock remains liquid enough for trading, with a notable increase in delivery volume.
In the broader market context, K P R Mill Ltd's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -9.52% compared to the Sensex's decline of only 1.06%. This underperformance is compounded by the overall decline in the textile sector, which may be affecting investor sentiment. However, it is important to note that K P R Mill Ltd has demonstrated strong long-term fundamentals, including a healthy return on equity and robust operating profit growth, which could provide a cushion against the recent price decline. Despite the current downturn, the company's substantial market capitalization and its position as a leading player in the sector suggest potential for recovery in the longer term.