Why is Khadim India falling/rising?

As of 23-Jul, Khadim India Ltd's stock price is currently at 293.15, reflecting an increase of 5.2, or 1.81%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -0.53% compared to the Sensex's slight gain of +0.11%. The stock's performance over the past month has been more favorable, with a return of +12.40%, while year-to-date it remains down by -19.35%. Positive factors include a very attractive valuation with a return on capital employed (ROCE) of 6.4 and a trading discount compared to peers. However, negative aspects such as a weak long-term fundamental strength, a high debt-to-EBITDA ratio, and declining institutional investor participation weigh on the stock's overall outlook.
Broader Market Context: In the broader market, the Sensex has shown a modest gain of +1.01% over the past month, contrasting with Khadim India's stronger performance during the same period. However, the stock's year-to-date decline of -19.35% starkly contrasts with the Sensex's gain of +5.87%, indicating that while the stock may be experiencing a short-term rebound, it continues to struggle significantly compared to the overall market. The falling participation from institutional investors, who have reduced their stake, suggests a lack of confidence in the stock's long-term prospects, which may also contribute to its volatility and price movements.