Why is Kirl. Electric falling/rising?

As of 02-Jul, Kirloskar Electric Company Ltd is experiencing a price increase, currently at 145.90, reflecting a change of 1.7 or 1.18% upward. Despite this positive movement today, the stock opened lower with a loss of 2.18% and has shown volatility, reaching a high of Rs 148.95 and a low of Rs 141.05. Over the past week, the stock has outperformed the sector by 2.26%, and its one-month return stands at 14.88%, significantly higher than the Sensex's 2.50%. However, the stock has been underperforming in the long term, with a year-to-date return of -16.65% and a one-year return of -27.92%. The company has faced negative results for the last eight quarters, with a high Debt to EBITDA ratio and a low Return on Capital Employed (ROCE), indicating weak long-term fundamentals and growth potential.
Broader Market Context: In the short term, Kirloskar Electric's performance has been favorable compared to the benchmark, as it has gained 3.37% over the past week against the Sensex's 0.79%. However, the stock's long-term outlook remains concerning, with a significant underperformance relative to the broader market over the past year, where it has generated negative returns while the market has shown positive growth. The high percentage of pledged promoter shares adds further pressure, particularly in a declining market, which may contribute to investor caution despite today's price increase.