Why is Kokuyo Camlin falling/rising?

As of 15-Jul, Kokuyo Camlin Ltd's stock price is currently at 119.55, reflecting a decrease of 2.6 points or 2.13%. The stock has been on a downward trend, having underperformed its sector by 0.63% today and experiencing a consecutive fall over the last three days, resulting in a total decline of 6.01% in that period. Although the stock opened with a gain of 3.85% today and reached an intraday high of Rs 126.85, it also saw a low of Rs 118.65, indicating high volatility with an intraday fluctuation of 5.36%. The stock's long-term fundamentals are weak, evidenced by a -6.57% CAGR growth in operating profits over the last five years and a significant drop in profits by -86.7% over the past year, contributing to its current negative performance.
In the broader market context, Kokuyo Camlin has significantly underperformed compared to the benchmark Sensex, which has gained 1.79% over the past month and 5.67% year-to-date, while Kokuyo Camlin's returns are -3.74% and -7.33%, respectively. This stark contrast highlights the stock's struggles, particularly given that it has generated a return of -23.27% over the past year, while the market has seen a modest increase of 0.37%. The lack of domestic mutual fund investment, which stands at 0%, further suggests a lack of confidence in the stock's valuation and future prospects, reinforcing the reasons behind its declining price.