Why is Kirloskar Indus. falling/rising?

As of 04-Jul, Kirloskar Industries Ltd's stock price is rising, currently at Rs 4,240.00, reflecting an increase of Rs 70.95 or 1.7%. The stock has shown positive momentum, gaining for the last two days with a total return of 3.23% during this period. It has outperformed its sector by 1.89% today and is trading above its moving averages across various time frames. However, despite this recent uptick, the stock has underperformed over the past year, with a decline of 29.67%, while its profits have fallen by 40.7%. The company has a low Debt to EBITDA ratio, indicating a strong ability to service debt, and has demonstrated healthy long-term growth in net sales and operating profit, which may support its current price movement.
In the broader market context, Kirloskar Industries Ltd has outperformed the Sensex over the past week, gaining 1.17% compared to the benchmark's decline of 0.74%. However, the stock's year-to-date performance shows a decline of 5.24%, contrasting with the Sensex's gain of 6.77%. The limited participation from domestic mutual funds, holding only 0.13% of the company, suggests a lack of confidence in the stock's valuation, which may be a concern for potential investors. Overall, while the stock is experiencing a short-term rise, its long-term performance and investor sentiment remain mixed, reflecting the challenges the company faces in the current market environment.