Why is Kennametal India falling/rising?

As of 15-Sep, Kennametal India Ltd is experiencing a decline in its stock price, currently at 2,162.15, reflecting a decrease of 4.4 points or 0.2%. The stock has underperformed its sector by 0.88% today and has been on a consecutive downward trend for the last three days, resulting in a total return of -1.72% over that period. Additionally, Kennametal India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation appears expensive with a Price to Book Value of 6.1, and it has consistently underperformed against benchmarks, generating a return of -36.90% over the past year while profits have only risen by 1.7%. In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.24% over the past week and 1.47% over the past month. This underperformance is indicative of a broader trend, as Kennametal India has lagged behind the benchmark indices over the last three years, contributing to investor sentiment that may be driving the stock lower. The company's consistent inability to match or exceed market returns, coupled with its high valuation metrics, suggests that investors are cautious, leading to the current decline in stock price.