Why is Kalyani Invest. falling/rising?

As of 16-Sep, Kalyani Investment Company Ltd's stock price is currently at Rs 4,868.40, reflecting an increase of Rs 27.4 or 0.57%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 0.29% today. Despite this positive movement, the stock's performance over the past year has been significantly negative, with a return of -23.71%, while its profits have decreased by 8.9%. The stock is trading at a discount compared to its peers, with an attractive valuation indicated by a Price to Book Value of 0.2. However, the company has weak long-term fundamental strength, as evidenced by a low Return on Equity (ROE) of 0.8 and disappointing financial results, including a drastic fall in net sales and profit after tax in the latest quarter.
In the broader market context, Kalyani Investment's short-term return of +0.28% over the past week is underperforming the Sensex, which has gained +1.58% in the same period. The stock's year-to-date performance is also concerning, with a decline of -19.35% compared to the Sensex's increase of +5.43%. This underperformance, coupled with a low level of domestic mutual fund investment, suggests a lack of confidence in the stock's future prospects. The falling investor participation, indicated by a 14.36% drop in delivery volume, further highlights the challenges the stock faces in attracting sustained interest from investors.