Why is Kewal Kir.Cloth. falling/rising?

As of 10-Jul, Kewal Kiran Clothing Ltd is experiencing a price increase, currently at 571.45, reflecting a change of 4.45 (0.78%) upwards. The stock has shown a positive performance today, outperforming its sector by 1.08%, and has gained consecutively over the last two days, resulting in a total return of 2.01% during this period. Despite a recent decline of 0.97% over the past week, the stock has performed well over the past month with a return of 9.89%. However, it has underperformed in the long term, with a year-to-date return of -2.68% and a one-year return of -17.53%. The company's high management efficiency, indicated by a return on equity (ROE) of 16.78%, and the increasing participation of institutional investors, who have raised their stake by 0.89%, may be contributing positively to the stock's recent movement. Nevertheless, concerns regarding poor long-term growth and a high price-to-book value ratio suggest that the stock may be trading at a premium compared to its peers.
In the broader market context, Kewal Kiran Clothing Ltd's short-term performance contrasts with the benchmark, as the Sensex has only declined by 0.06% over the past week while the stock itself has dropped by 0.97%. Although the stock has outperformed the sector today, its year-to-date performance is notably weaker than the market's overall gain of 6.46%. This underperformance over the past year, where the stock has generated negative returns of -17.53% compared to the market's positive return of 4.09%, indicates that while there may be short-term gains, the stock faces significant challenges in regaining investor confidence in the long run.