Why is Kansai Nerolac falling/rising?

As of 07-Aug, Kansai Nerolac Paints Ltd is experiencing a decline in its stock price, currently at 233.55, reflecting a decrease of 1.6 points or 0.68%. The stock has been on a downward trend, losing value for the last four consecutive days with a total return of -6.42% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the delivery volume has decreased significantly, falling by 37.12% compared to the 5-day average, suggesting reduced investor participation. Over the past year, the stock has generated a return of -22.14%, while profits have declined by 5.8%, contributing to a perception of poor long-term growth.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-week return of -4.20% compared to the Sensex's -0.69%. This underperformance is consistent over longer periods, as the stock has lagged behind the benchmark in each of the last three annual periods. Despite having a low debt-to-equity ratio and an attractive valuation relative to peers, the company's operating profit growth has been modest at 8.10% annually over the last five years, and its return on capital employed is at a low of 13.09%. These factors combined indicate a challenging environment for Kansai Nerolac, leading to its current stock price decline.