Why is Kokuyo Camlin falling/rising?

As of 24-Sep, Kokuyo Camlin Ltd's stock price is currently at 111.35, reflecting a decline of 1.6 points or 1.42%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -3.93% over that period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's delivery volume has decreased significantly, falling by 24.11% compared to the five-day average, suggesting a lack of investor interest. Over the past year, the stock has experienced a substantial decline of 45.93%, with profits plummeting by 100.8%, which raises concerns about its long-term viability. The company has also seen minimal domestic mutual fund investment, indicating a lack of confidence from institutional investors.
In the broader market context, Kokuyo Camlin's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 1.18% over the past week. This stark difference highlights the stock's struggle relative to the overall market. Despite a long-term growth rate in net sales of 8.64% and operating profit of 19.98% over the last five years, the stock's poor performance and flat results in recent quarters have led to a lack of investor confidence. The market's negative sentiment towards the stock, compounded by its significant underperformance compared to the broader market, suggests that investors are wary of its future prospects.