Why is Kewal Kir.Cloth. falling/rising?

As of 28-Jul, Kewal Kiran Clothing Ltd is experiencing a decline in its stock price, currently at Rs 533.40, reflecting a decrease of Rs 26.6 or 4.75%. Today's price summary indicates that the stock opened with a loss of 3.54% and reached an intraday low of Rs 516.45, which is a significant drop of 7.78%. The stock has underperformed its sector by 3.86% today, and the delivery volume has decreased by 45.28% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has declined by 2.66%, while it has shown a modest increase of 6.54% over the past month. However, its year-to-date performance is down by 9.16%, and it has underperformed the market significantly over the last year with a return of -20.03%.
In the broader market context, the Sensex has declined by 1.59% over the past week and 3.77% over the past month, suggesting that while Kewal Kiran Clothing Ltd is underperforming, the overall market is also facing challenges. The company has shown some positive factors, such as a high return on equity (ROE) of 16.78% and increased participation from institutional investors, who have raised their stake by 0.97%. However, negative factors, including poor long-term growth rates, flat results in recent financial periods, and an expensive valuation compared to peers, contribute to the stock's downward movement. The combination of these factors indicates that despite some institutional interest, the stock's fundamentals and recent performance are leading to a decline in investor confidence.