Why is Kewal Kir.Cloth. falling/rising?

As of 24-Jul, Kewal Kiran Clothing Ltd's stock is currently priced at 555.05, reflecting a decline of 8.35 points or 1.48%. The stock has underperformed its sector by 1.5% today and has experienced a trend reversal after two consecutive days of gains, hitting an intraday low of Rs 549.1. Over the past week, the stock has decreased by 0.41%, while it has shown a positive return of 11.36% 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 company 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. Additionally, the stock is trading at a premium compared to its peers, which may be contributing to its recent price decline.
In the broader market context, Kewal Kiran Clothing Ltd has underperformed the benchmark, as the Sensex has only decreased by 0.09% over the past week. The stock's year-to-date performance shows a decline of 5.48%, contrasting sharply with the Sensex's gain of 5.18%. Although there has been increasing participation from institutional investors, who have raised their stake by 0.97%, the stock's overall performance has been lackluster, with a significant drop of 17.56% over the past year compared to the market's positive return of 0.99%. This underperformance, coupled with flat results in recent financial periods, suggests that investor sentiment may be cautious, contributing to the stock's current downward movement.