Why is Kansai Nerolac falling/rising?

As of 08-Aug, Kansai Nerolac Paints Ltd is experiencing a decline in its stock price, currently at 232.90, which reflects a decrease of 0.65 or 0.28%. The stock has been on a downward trend, losing 6.67% over the past week and 7.14% over the past month. It has also fallen consecutively for the last five days, indicating a persistent negative momentum. Additionally, the stock is trading below its moving averages across various time frames, which suggests a bearish outlook. Despite a low debt-to-equity ratio and attractive valuation metrics, the stock's performance has been hindered by a significant drop in profits and consistent underperformance against benchmarks, with a 21.01% decline in returns over the past year.
In the broader market context, while the Sensex has only decreased by 0.92% over the past week, Kansai Nerolac's performance has been notably worse, indicating a significant underperformance relative to the market. The stock's year-to-date return is down 12.08%, contrasting sharply with the Sensex's positive return of 2.20%. This disparity highlights the challenges faced by Kansai Nerolac, including poor long-term growth prospects and flat results in recent financial disclosures, which have contributed to a lack of investor confidence and participation.