Why is Kokuyo Camlin falling/rising?

As of 15-Sep, Kokuyo Camlin Ltd's stock price is currently at 114.45, showing no change (0.00%) from the previous trading session. The stock's performance today is inline with the sector, although it is trading higher than its 20-day moving averages but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.76%, while it has shown a positive return of 4.66% over the past month. However, the stock has significantly underperformed over the year, with a return of -46.27%. The company's return on capital employed (ROCE) stands at 10.3, indicating an attractive valuation, but its profits have plummeted by 100.8% over the past year, contributing to negative sentiment. Additionally, domestic mutual funds hold no stake in the company, which may reflect a lack of confidence in its future prospects.
Broader Market Context: In comparison to the benchmark, the Sensex has increased by 1.24% over the past week and 1.47% over the past month, while Kokuyo Camlin's stock has declined, indicating a significant underperformance relative to the broader market. The overall market has generated negative returns of -3.45% in the last year, yet Kokuyo Camlin's decline has been much steeper, highlighting its struggles. The flat results reported in June, with a profit after tax of Rs 14.45 crore reflecting a decline of 45.80%, further emphasize the challenges the company faces in achieving long-term growth, which may deter investors and contribute to the stock's current price stagnation.