Why is Kewal Kir.Cloth. falling/rising?

As of 15-Jul, Kewal Kiran Clothing Ltd's stock price is currently at Rs 552.50, reflecting a decrease of Rs 6.2 or 1.11%. The stock has underperformed its sector today by 2.45%, having touched an intraday low of Rs 546.35. Over the past week, the stock has declined by 1.37%, while it has shown a modest gain of 8.20% over the last month. Despite a high management efficiency indicated by a return on equity (ROE) of 16.78% and a low debt-to-equity ratio, the stock faces challenges due to poor long-term growth, with net sales growing at an annual rate of only 13.62% over the last five years. Additionally, the stock's valuation appears expensive with a price-to-book ratio of 4.2, and it has significantly underperformed the market with a return of -20.93% over the past year.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 1.36% over the same week but a positive return of 1.79% over the past month. While institutional investors have increased their stake in Kewal Kiran Clothing Ltd by 0.89%, suggesting some confidence in the company's fundamentals, the overall sentiment remains cautious due to flat quarterly results and declining cash reserves. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a 13.02% drop in delivery volume, indicates a lack of interest from retail investors, further contributing to the stock's downward pressure.