Why is KNR Construct. falling/rising?

As of 24-Jul, KNR Constructions Ltd is currently priced at 223.70, reflecting a decrease of 1.1 points or 0.49%. The stock has been experiencing a downward trend, having lost 0.97% over the last two days, with an intraday low of Rs 220.25. Despite a positive performance over the past month with a return of 5.27%, the stock has significantly underperformed over the year, showing a decline of 40.51%. Factors contributing to this decline include a substantial drop in net sales and profit after tax for the recent quarter, alongside a notable decrease in delivery volume, which has fallen by 60.7% against the five-day average. Although the company has high management efficiency and a strong ability to service debt, these positives are overshadowed by its recent financial performance.
In the broader market context, KNR Constructions' short-term return of 0.22% over the past week slightly outperforms the Sensex, which has seen a decline of 0.09%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the past three years, one year, and three months. While the stock is trading at a discount compared to its peers and has high institutional holdings, the overall negative sentiment driven by declining sales and profits has led to a lack of investor participation, contributing to the stock's recent price decline.