Why is Kirloskar Indus. falling/rising?

As of 17-Jul, Kirloskar Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,530.00, which reflects a decrease of Rs 18.0 or 0.4%. Today's performance indicates that the stock has underperformed its sector by 0.32% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 4,456.8, marking a decline of 2.01%. Despite this, the stock has shown strong performance over the past week and month, with returns of 8.89% and 21.41%, respectively. However, it has faced challenges over the past year, with a significant decline of 23.99% in returns, coinciding with a 40.7% drop in profits. The company's low Debt to EBITDA ratio of 1.08 times and healthy long-term growth in net sales and operating profit suggest a strong ability to service debt, but the recent profit decline may be weighing on investor sentiment.
In the broader market context, while Kirloskar Industries has outperformed the benchmark Sensex in the short term, with a 1-week return of 8.89% compared to the Sensex's -1.12%, the stock's year-to-date performance of 1.24% lags behind the Sensex's 5.27%. This discrepancy may reflect investor caution given the stock's recent profit decline and overall negative return over the past year. The rising investor participation, indicated by a significant increase in delivery volume, suggests some underlying interest in the stock, but the current price movement indicates that market sentiment remains cautious amidst the backdrop of declining profits and a recent trend reversal.