Why is Kennametal India falling/rising?

As of 26-Aug, Kennametal India Ltd's stock price is currently at Rs 2,046.65, reflecting a decline of Rs 57.6 or 2.74%. The stock has been underperforming, with a consecutive fall over the last two days resulting in a total drop of 4.81%. It is trading close to its 52-week low, just 4.87% above that level. The stock has also underperformed its sector by 1.64% today. Additionally, it is trading below all significant moving averages, indicating a bearish trend. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's recent performance has been disappointing, with a year-to-date return of -31.01% and a one-year return of -33.46%, suggesting a lack of investor confidence.
In the broader market context, the Sensex has only declined by 1.05% over the past week, indicating that Kennametal India's poor performance is not reflective of the overall market trend. The stock's significant underperformance compared to the benchmark indices over various periods, including a -10.59% return in the last month and a -33.46% return over the past year, highlights its struggles. This underperformance is compounded by an expensive valuation relative to its return on equity and a high PEG ratio, which may deter investors. Overall, the stock's declining price is influenced by both its specific challenges and a broader market environment that does not favor its recent performance.