Why is Kokuyo Camlin falling/rising?

As of 29-Aug, Kokuyo Camlin Ltd's stock price is currently at 112.20, reflecting a decrease of 0.2, or 0.18%. The stock has been on a downward trend, having fallen for the last four days with a total return of -3.28% over the past week. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent decline in its price. Additionally, the delivery volume has significantly decreased by 50.19% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has generated a return of -46.06%, while its profits have plummeted by 100.8%. This poor performance, coupled with a lack of domestic mutual fund investment, indicates a lack of confidence in the stock's future growth potential.
In the broader market context, Kokuyo Camlin's short-term performance has underperformed the benchmark, with a 1-week return of -3.28% compared to the Sensex's decline of only -1.84%. This stark contrast highlights the stock's struggles relative to the overall market. Despite the company having an attractive valuation with a return on capital employed (ROCE) of 10.3 and trading at a discount to its peers, the long-term growth prospects appear bleak, as evidenced by the flat results reported for June and the significant decline in net sales and operating profit over the past five years. The overall negative sentiment surrounding the stock, combined with its substantial underperformance against the market, contributes to its current downward trajectory.