Why is Kanchi Karpooram falling/rising?

As of 18-Jul, Kanchi Karpooram Ltd's stock price is currently at 455.95, reflecting a decrease of 8.05, or 1.73%. The stock has recently experienced a trend reversal, falling after five consecutive days of gains. It underperformed its sector by 0.7% today and touched an intraday low of Rs 453, which is a decline of 2.37%. Over the past week, the stock has shown a return of 7.48%, while its performance over the last month is a gain of 5.53%. However, the stock has faced significant long-term challenges, with net sales declining at an annual rate of 5.68% and operating profit decreasing by 15.51% over the last five years. Additionally, the company's recent financial results indicate a substantial drop in profit after tax and net sales, contributing to a negative sentiment around the stock.
Broader Market Context: In comparison to the benchmark, Kanchi Karpooram has consistently underperformed, with a year-to-date return of -14.78% against the Sensex's gain of 4.63%. This underperformance is reflected in the stock's returns over the past three years, where it has generated -20.60% compared to the benchmark's 49.96% increase. Despite a recent rise in investor participation, as indicated by a significant increase in delivery volume, the overall market context remains challenging for Kanchi Karpooram. The stock's expensive valuation, coupled with a low return on equity and a poor growth outlook, further exacerbates its struggles in the current market environment.