Why is Kaira Can falling/rising?

As of 08-Sep, Kaira Can Company Ltd's stock price is currently at Rs 1,670.00, reflecting a decline of Rs 49.0 or 2.85%. Today's price summary indicates that the stock has underperformed its sector by 4.69% and opened with a significant loss of 4.42%. It reached an intraday low of Rs 1,640, which is a drop of 4.6%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 53.13% compared to the 5-day average. Despite some positive financial results, such as a 45.31% growth in PAT and the highest net sales in a quarter, the company has shown poor long-term growth, with an annual operating profit decline of 4.08% over the past five years.
In the broader market context, Kaira Can's recent performance has been lackluster compared to the benchmark, as it has generated a return of -9.73% year-to-date, while the Sensex has increased by 3.39%. Over the last year, the stock has underperformed the benchmark by 14.01%, indicating consistent struggles against market expectations. The stock's expensive valuation, with a Price to Book Value of 1.7, further complicates its attractiveness to investors, especially given its low return on equity of 4.6. This combination of poor performance, declining investor interest, and unfavorable comparisons to market benchmarks contributes to the stock's downward movement.