Why is Kokuyo Camlin falling/rising?

As of 18-Jul, Kokuyo Camlin Ltd's stock price is currently at 118.70, reflecting a decline of 0.75, or 0.63%. The stock has been experiencing a downward trend, having lost 1.45% over the last two days and showing a significant underperformance with a year-to-date return of -7.98%. It is trading below several moving averages, specifically lower than the 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 54.55% compared to the 5-day average. The company's long-term fundamentals are weak, evidenced by a -6.57% CAGR growth in operating profits over the last five years and a substantial profit decline of 86.7% over the past year, which has contributed to its classification as a strong sell.
In the broader market context, Kokuyo Camlin's performance has been significantly worse than the benchmark, with a one-year return of -23.89% compared to the Sensex's modest gain of 0.51%. This stark contrast highlights the stock's struggles, particularly as it has underperformed the market even during a period when the broader index experienced negative returns. The lack of investment from domestic mutual funds, which hold 0% of the company, further indicates a lack of confidence in its valuation and business prospects. Overall, the combination of poor financial performance, declining investor interest, and underwhelming market returns has led to the stock's recent decline.