Why is Kokuyo Camlin falling/rising?

As of 23-Jul, Kokuyo Camlin Ltd's stock price is currently at 116.85, reflecting a decrease of 0.25, or 0.21%. The stock has been on a downward trend, losing value for the last five consecutive days, resulting in a total decline of 2.99% over that period. Additionally, the stock has underperformed significantly over the past month and year, with returns of -5.77% and -22.87%, respectively. The company's weak long-term fundamentals, indicated by a -6.57% CAGR growth in operating profits over the last five years and a return on equity of only 5.65%, contribute to its negative performance. Furthermore, the stock's valuation appears expensive relative to its return on capital employed, and the lack of domestic mutual fund investment suggests a lack of confidence in the stock's prospects.
In the broader market context, the Sensex has shown a slight gain of 0.11% over the past week, contrasting with Kokuyo Camlin's decline. This indicates that while the overall market is experiencing stability, Kokuyo Camlin is struggling to keep pace. The stock's performance is further exacerbated by a significant drop in investor participation, as evidenced by a 46.74% decrease in delivery volume compared to the five-day average. Overall, the combination of weak fundamentals, poor recent performance, and low investor interest has led to the stock's continued decline.