Why is Kirl. Electric falling/rising?

As of 09-Jul, Kirloskar Electric Company Ltd's stock price is currently at Rs 145.80, reflecting an increase of Rs 2.15, or 1.5%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 3.77% during this period. It outperformed its sector by 1.51% today and reached an intraday high of Rs 150, which is a 4.42% increase. However, despite these short-term gains, the stock has underperformed over the past year with a decline of 30.02%, and it has reported negative results for the last eight consecutive quarters, indicating weak long-term fundamental strength. The company's high Debt to EBITDA ratio and low Return on Capital Employed (ROCE) further contribute to concerns about its financial health.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 10.12% over the past month compared to the Sensex's 1.32% increase. However, year-to-date, Kirloskar Electric has significantly lagged behind the market, with a decline of 16.71% versus the Sensex's gain of 6.91%. The stock's liquidity appears adequate for trading, but the falling investor participation, as indicated by a decrease in delivery volume, suggests a lack of confidence among investors. Additionally, the high percentage of pledged promoter shares may exert downward pressure on the stock in a declining market, further complicating its recovery prospects.