Why is Kewal Kir.Cloth. falling/rising?

As of 08-Jul, Kewal Kiran Clothing Ltd is currently priced at 560.20, reflecting a decrease of 10.8 points or 1.89%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.25%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 6.80% and 15.77%, respectively. However, it is important to note that the stock has underperformed its sector by 3.72% today and has experienced a significant drop in delivery volume, which fell by 78.48% against the five-day average. While the company boasts high management efficiency with a return on equity (ROE) of 16.78% and a low debt-to-equity ratio, it faces challenges such as poor long-term growth and an expensive valuation relative to its peers, which may be contributing to the current price decline.
In the broader market context, Kewal Kiran Clothing Ltd has underperformed the benchmark, with a one-year return of -20.98% compared to the Sensex's gain of 4.69%. Although the stock has shown strong returns over the past three and five years, its recent performance indicates a struggle to maintain investor confidence, particularly as it has not kept pace with the overall market trends. The increasing participation of institutional investors, who have raised their stake by 0.89%, may provide some support; however, the stock's recent flat results and declining profits suggest that investors are cautious, leading to the observed price drop.