Why is Kennametal India falling/rising?

As of 29-Jul, Kennametal India Ltd's stock price is currently at 2,219.95, reflecting a decrease of 30.05, or 1.34%. The stock has been underperforming, having lost 6.59% over the last four days, and it is trading below all its moving averages, indicating a bearish trend. The stock's performance today was particularly weak, as it underperformed its sector by 1.9%. Over the past week, the stock has declined by 3.71%, and it has experienced a significant drop of 34.71% over the past year, contrasting sharply with the broader market's decline of only 0.02%. Additionally, the company has shown poor long-term growth, with net sales and operating profit growth rates of 7.90% and 12.41% respectively over the last five years, contributing to a negative sentiment among investors.
In the broader market context, Kennametal India's recent performance has been notably worse than the benchmark, as it has underperformed the BSE500 index, which recorded a negative return of 2.26% over the past year. The stock's significant decline in value, coupled with disappointing financial results such as a low operating profit to net sales ratio and a falling profit after tax, has led to a perception of it being a strong sell. Despite some positive factors like a low debt-to-equity ratio and rising investor participation, the overall outlook remains negative due to the company's expensive valuation and poor historical performance relative to its peers.