Why is KNR Construct. falling/rising?

As of 29-Aug, KNR Constructions Ltd is experiencing a slight decline in its stock price, currently at Rs 192.60, down by 0.25 or 0.13%. The stock has been underperforming, with a consecutive fall over the last three days resulting in a total decline of 3.87%. It is trading close to its 52-week low, just 1.84% away from Rs 189.05. Additionally, the stock has underperformed its sector by 1.29% today and is trading below all key moving averages. The delivery volume has also decreased by 10.45% compared to the five-day average, indicating falling investor participation. Despite a high management efficiency reflected in a ROCE of 19.74% and strong debt servicing ability, the stock's performance has been negatively impacted by a significant drop in EPS and consecutive negative quarterly results.
In the broader market context, KNR Constructions Ltd has shown a short-term return of -3.22% over the past week, compared to a -1.84% decline in the Sensex, indicating a greater underperformance relative to the benchmark. Over the past month, the stock has declined by 9.39%, while the Sensex has only fallen by 1.88%. This consistent underperformance against the benchmark over the last three years, coupled with a substantial year-to-date decline of 44.17%, highlights the challenges the company faces in regaining investor confidence. Despite high institutional holdings at 32.17%, which typically suggest a more stable investment base, the recent negative financial results and declining stock performance have overshadowed these positive factors.