Why is Kansai Nerolac falling/rising?

As of 14-Aug, Kansai Nerolac Paints Ltd is experiencing a decline in its stock price, currently at 236.10, reflecting a decrease of 1.05 or 0.44%. The stock has underperformed its sector by 1.07% today and has been on a consecutive downward trend for the last two days, resulting in a total return drop of 0.67% during this period. Over the past year, the stock has generated a return of -19.01%, with profits falling by 5.8%. Despite having a low debt-to-equity ratio and an attractive valuation with a return on equity (ROE) of 10.1%, the stock's performance has been hindered by poor long-term growth, as indicated by an operating profit growth rate of only 8.10% over the last five years.
In the broader market context, Kansai Nerolac's short-term return of +1.09% over the past week contrasts with the Sensex, which has remained relatively flat with a change of -0.03%. However, the stock has significantly underperformed the benchmark over longer periods, including a -27.61% return over the last three years compared to the Sensex's +35.54%. This consistent underperformance, coupled with falling investor participation and liquidity issues, suggests a challenging environment for the stock, contributing to its recent decline.