Why is Kokuyo Camlin falling/rising?

As of 16-Jul, Kokuyo Camlin Ltd's stock price is currently at 120.45, reflecting an increase of 0.9, or 0.75%. The stock has shown a trend reversal by gaining after three consecutive days of decline. It has outperformed its sector by 0.55% today, with a notable rise in delivery volume, which increased by 557.64% compared to the five-day average. However, despite this short-term uptick, the stock has underperformed significantly over the past year, with a return of -22.29% compared to the Sensex's positive return of 2.38%. The company's long-term fundamentals remain weak, evidenced by a -6.57% CAGR growth in operating profits over the last five years and a low return on equity of 5.65%, indicating low profitability per unit of shareholders' funds.
Broader Market Context: In the context of the broader market, Kokuyo Camlin's recent performance contrasts sharply with the benchmark, as it has declined by 7.63% over the past month while the Sensex has gained 1.02%. This underperformance is further highlighted by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation and business prospects. Although the stock is trading at a discount compared to its peers' average historical valuations, the significant drop in profits by -86.7% over the past year raises concerns about its future growth potential, contributing to its overall negative sentiment in the market.