Why is Kabra Extrusion falling/rising?

As of 14-Jul, Kabra Extrusion Technik Ltd's stock price is currently at 304.05, reflecting a decline of 20.95 points or 6.45%. Today's performance indicates that the stock has underperformed its sector by 6.79% and has experienced a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 301.6, showing a significant drop of 7.2%. Additionally, the stock has been highly volatile today, with an intraday volatility of 5.45%. Over the past week, the stock has gained 2.37%, but it has underperformed over the year with a return of -29.27%. The company's recent financial results have been concerning, with a 16.93% decline in net sales and an 84.1% drop in profit after tax for the latest quarter, contributing to negative sentiment among investors.
Broader market context shows that while the stock has performed better than the benchmark in the short term, gaining 8.59% over the past month compared to the Sensex's 1.40%, it has significantly lagged behind in the year-to-date performance, with a decline of 44.92% versus the Sensex's increase of 5.27%. The falling participation from institutional investors, who have reduced their stake by 1.13%, further exacerbates the stock's challenges, as these investors typically have more resources to assess company fundamentals. Overall, the combination of disappointing financial results, declining investor participation, and high volatility has led to the stock's current downward movement.