Why is Kokuyo Camlin falling/rising?

As of 23-Sep, Kokuyo Camlin Ltd's stock is currently priced at 113.00, reflecting a decrease of 0.2, or 0.18%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 2.5% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment among investors. The stock has underperformed significantly over the past year, with a return of -47.67%, while its profits have plummeted by 100.8%. Furthermore, the lack of investor participation is evident, as the delivery volume has decreased by 33.87% compared to the 5-day average, suggesting waning interest in the stock.
In the broader market context, Kokuyo Camlin's short-term performance has been notably worse than the benchmark, with a 1-week return of -1.14% compared to the Sensex's -0.34%. This underperformance is compounded by the company's poor long-term growth prospects, as indicated by a modest annual growth rate in net sales of 8.64% and a significant decline in operating profit. The absence of domestic mutual fund investment, which typically indicates a lack of confidence in the stock's valuation or business prospects, further underscores the challenges faced by Kokuyo Camlin. Overall, the combination of declining investor interest, poor financial performance, and significant underperformance relative to the market contributes to the stock's current downward trajectory.