Why is Kewal Kir.Cloth. falling/rising?

As of 09-Jul, Kewal Kiran Clothing Ltd's stock price is currently at Rs 567.00, reflecting an increase of Rs 6.8 or 1.21%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 1.22%. It reached an intraday high of Rs 579.5, indicating strong intraday performance. Over the past week, the stock has risen by 2.61%, and over the past month, it has increased by 13.62%. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 68.59% compared to 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 has faced challenges with poor long-term growth, as evidenced by a decline in net sales growth and operating profit over the last five years.
In the broader market context, Kewal Kiran Clothing Ltd has outperformed the Sensex, which has only increased by 0.15% over the past week. However, the stock has underperformed the market over the past year, generating a return of -18.30% compared to the BSE500's return of 1.43%. The recent increase in institutional investor participation, with a 0.89% rise in their stake, suggests a potential positive outlook, as these investors typically have better resources for analyzing company fundamentals. Despite this, the stock's expensive valuation, with a price-to-book ratio of 4.3, raises concerns, especially given its flat results and declining profits in recent periods.