Why is Kotyark Indust. falling/rising?

As of 08-Jul, Kotyark Industries Ltd is experiencing a decline in its stock price, currently at Rs. 269.85, reflecting a decrease of 14.2 points or 5.0%. The stock has hit a new 52-week low today and has underperformed its sector by 5.49%. Over the past week, the stock has seen a significant drop of 17.53%, and its year-to-date performance shows a staggering decline of 70.96%. Despite a high dividend yield of 4.81%, the stock's performance is hindered by falling investor participation, with delivery volume down by 41.05% compared to the 5-day average. The company's financials indicate a high management efficiency with a return on capital employed (ROCE) of 20.06%, but it also faces challenges such as a high debt-to-equity ratio and a substantial profit decline of 37% over the past year.
In the broader market context, Kotyark Industries Ltd's recent performance contrasts sharply with the Sensex, which has remained relatively stable with only a 0.08% decline over the past week. The stock's long-term underperformance is evident, as it has generated a return of -70.91% over the last year, significantly lagging behind the benchmark indices. This underperformance is compounded by flat results in December 2022 and a lack of positive momentum in both the near and long term, leading to a negative outlook for the stock amidst a generally stable market environment.