Why is Kewal Kir.Cloth. falling/rising?

As of 24-Sep, Kewal Kiran Clothing Ltd is experiencing a decline in its stock price, currently at Rs 578.90, which represents a decrease of Rs 12.25 or 2.07%. Today's performance indicates that the stock has underperformed its sector by 1.64% and has fallen after four consecutive days of gains. The stock touched an intraday low of Rs 576.05, reflecting a decline of 2.55%. Over the past week, Kewal Kiran has shown a return of +5.25%, significantly outperforming the Sensex, which declined by 1.18%. However, the stock's year-to-date performance remains negative at -1.41%, contrasting with the Sensex's positive return of +4.58%. Despite this recent downturn, the company maintains a high management efficiency with a return on equity (ROE) of 18.26% and a low debt-to-equity ratio, indicating financial stability. Additionally, institutional investors have increased their stake, suggesting confidence in the company's fundamentals.
In the broader market context, Kewal Kiran's short-term return of +5.25% over the past week stands in stark contrast to the Sensex's decline of 1.18%, highlighting the stock's relative strength prior to the recent drop. However, the overall market sentiment appears to be cautious, as evidenced by the falling investor participation, with delivery volume decreasing by 26.4% against the five-day average. This decline in trading activity may contribute to the stock's current price drop. While the company has shown healthy long-term growth in net sales and operating profit, the recent price movement reflects a combination of profit-taking after gains and a broader market environment that may be affecting investor sentiment.