Why is Kirl.Pneumatic falling/rising?

As of 14-Jul, Kirloskar Pneumatic Company Ltd is experiencing a decline in its stock price, currently at Rs 1,365.90, which reflects a decrease of Rs 41.1 or 2.92%. The stock has underperformed its sector by 3.26% today and has been on a downward trend for the last two days, accumulating a total loss of 4.98% during this period. Despite a healthy long-term growth rate in operating profit and positive results over the last five quarters, the stock's recent performance has been affected by its current trading position, which is lower than the 5-day and 20-day moving averages. Additionally, while the stock has shown consistent returns over the last three years, its year-to-date performance is down by 11.76%, contrasting with the benchmark's gain of 5.27%.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.08% compared to the Sensex's -1.42%. This indicates that while the overall market has faced some declines, Kirloskar Pneumatic has struggled more significantly. The company's high institutional holdings suggest confidence from larger investors, yet the stock's expensive valuation, indicated by a high Price to Book Value ratio, may deter retail investors. The combination of these factors contributes to the stock's recent downward movement, despite its historical performance and growth potential.