Why is Kirl.Pneumatic falling/rising?

As of N/A, Kirloskar Pneumatic Company Ltd is experiencing a decline in its stock price, currently at 1,070.95, which reflects a decrease of 30.05 or 2.73%. Unfortunately, today's price summary data is not available. Over the past week, the stock has fallen by 6.00%, and over the past month, it has decreased by 10.62%. The company has reported negative financial results for the quarter ending September 25, with a significant drop in profit before tax by 41.49%, net profit by 36.1%, and net sales by 12.21%. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation appears expensive compared to its peers, contributing to its recent price decline.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -33.27% against the BSE500's positive return of 1.73%. This stark contrast highlights the stock's struggles in a generally favorable market environment. The high institutional holdings at 35.11% indicate that knowledgeable investors are closely monitoring the company's fundamentals, which may further influence market sentiment negatively given the recent poor performance. Overall, the combination of disappointing financial results and an expensive valuation relative to peers has led to the stock's downward movement.