Why is Kokuyo Camlin falling/rising?

As of 01-Sep, Kokuyo Camlin Ltd's stock is currently priced at 114.10, reflecting an increase of 1.9 or 1.69%. Today's price summary indicates that the stock has outperformed its sector by 1.63% and has experienced a trend reversal after four consecutive days of decline. However, it opened with a significant loss of 6.42%, reaching an intraday low of Rs 105 before bouncing back to a high of Rs 116.6. Over the past year, the stock has underperformed with a return of -44.25%, while its profits have plummeted by 100.8%. Despite its attractive valuation with a return on capital employed (ROCE) of 10.3 and trading at a discount compared to peers, the long-term growth prospects appear poor, as evidenced by a 68.07% decline in profit after tax over the last nine months.
In the broader market context, Kokuyo Camlin's short-term performance shows a slight improvement compared to the benchmark, as it has outperformed the Sensex, which fell by 1.56% over the past week. However, the stock's year-to-date performance remains concerning, with a decline of 11.55% against the Sensex's gain of 2.85%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's future potential, further contributing to its volatility and recent price movements. Overall, while there are some positive indicators, the significant historical decline and poor growth metrics continue to weigh heavily on investor sentiment.