Why is Kirloskar Indus. falling/rising?

As of 02-Jul, Kirloskar Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,107.50, which reflects a decrease of Rs 93.5 or 2.23%. The stock has underperformed its sector by 2.6% today and has been on a downward trend for the last two days, accumulating a total loss of 3.49% during this period. Despite reaching an intraday high of Rs 4,330.9, the stock also touched a low of Rs 4,069.85. Over the past week, the stock has shown a positive return of 5.20%, but it has significantly underperformed over the year with a return of -32.06%. The company's financial health is somewhat mixed; while it has a strong ability to service debt and has shown healthy long-term growth in net sales and operating profit, it has also reported negative results for the last four consecutive quarters, which has likely contributed to the recent price decline.
In the broader market context, the stock's short-term performance of +5.20% over the past week contrasts with the Sensex's modest gain of +0.79%, indicating some strength relative to the benchmark. However, the stock's year-to-date performance of -8.21% is notably worse than the Sensex's +6.75%, highlighting a significant underperformance in the longer term. The low participation from domestic mutual funds, holding only 0.13% of the company, suggests a lack of confidence in the stock's current valuation, which may further pressure its price. Overall, while there are some positive indicators regarding the company's growth and valuation, the persistent negative financial results and low investor interest are likely contributing to the stock's recent decline.