Why is Kirloskar Indus. falling/rising?

As of 07-Nov, Kirloskar Industries Ltd is experiencing a decline in its stock price, currently at Rs 3,612.65, reflecting a decrease of Rs 97.0 or 2.61%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total drop of 7.79% during this period. Additionally, it has underperformed its sector by 4.39% today. Over the past week, the stock has decreased by 4.98%, and its year-to-date performance shows a decline of 19.26%. While the company has a strong ability to service debt and healthy long-term growth in net sales and operating profit, it has also faced challenges, including a significant drop in profits by 31.5% over the past year, contributing to the negative sentiment surrounding the stock.
Broader Market Context: In comparison to the benchmark, the Sensex has shown a slight increase of 1.57% over the past month, while Kirloskar Industries Ltd has declined by 9.77% in the same timeframe. This stark contrast highlights the stock's underperformance relative to the broader market. Despite the company's attractive valuation metrics, such as a low Debt to EBITDA ratio and a favorable Enterprise value to Capital Employed ratio, the lack of confidence from domestic mutual funds, which hold only 0.12% of the company, may indicate concerns about its current price and business outlook. Overall, the combination of poor recent performance, declining profits, and investor sentiment has contributed to the stock's downward trajectory.