Why is Kewal Kir.Cloth. falling/rising?

As of 01-Aug, Kewal Kiran Clothing Ltd's stock price is currently at 556.20, reflecting a decrease of 3.15 (-0.56%). The stock has shown a mixed performance recently, with a 1-week decline of 0.68% and a 1-month increase of 6.03%. Despite today's performance, where it outperformed the sector by 2.19%, the stock touched an intraday low of Rs 547.05. Over the past year, the stock has significantly underperformed, with a return of -16.99%, while its profits have fallen by 6.5%. The company has a high management efficiency with a return on equity (ROE) of 16.78% and a low debt-to-equity ratio, but it trades at a premium compared to peers, which may deter some investors.
In the broader market context, the Sensex has declined by 1.06% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, the textile sector has faced a downturn, falling by 2.86%, which could be influencing Kewal Kiran's stock price. Additionally, while institutional investors have increased their stake, suggesting confidence in the company's fundamentals, the overall poor long-term growth prospects and recent flat results may be causing concern among investors. The stock's performance relative to the market and sector highlights the challenges it faces, contributing to its current downward movement.