Why is Kansai Nerolac falling/rising?

As of 25-Aug, Kansai Nerolac Paints Ltd is experiencing a price increase, currently at 234.70, reflecting a change of 2.0 (0.86%) upward. Today's performance indicates that the stock has outperformed its sector by 0.85% and has gained after two consecutive days of decline. However, it is trading below all its moving averages, which suggests a bearish trend. Over the past year, the stock has generated a return of -20.31%, indicating significant underperformance compared to the benchmark, and its profits have decreased by 5.8%. The company maintains a low debt-to-equity ratio and an attractive valuation with a return on equity of 10.1, but its operating profit growth has been poor, averaging only 8.10% annually over the last five years.
In the broader market context, while the Sensex has shown a positive return of 0.45% over the past week, Kansai Nerolac's return has been negative at -0.99%. This consistent underperformance against the benchmark over the last three years, coupled with flat results in June, highlights the challenges the company faces in achieving long-term growth. The stock's liquidity remains sufficient for trading, but a decline in investor participation, as evidenced by a 15.92% drop in delivery volume, may indicate waning interest among investors. Overall, despite a slight uptick in price, the stock's long-term outlook remains concerning due to its historical underperformance and declining profitability.