Why is KPT Industries falling/rising?

As of 16-Sep, KPT Industries Ltd's stock price is currently at 739.25, reflecting a decrease of 2.55, or 0.34%. The stock opened the day with a gain of 3.13% and reached an intraday high of Rs 765, but ultimately underperformed its sector by 0.76%. Over the past week, the stock has shown a positive return of 5.16%, although it has significantly underperformed over the last year with a decline of 36.98%. The company's profits have also fallen by 4.7% despite a high return on capital employed (ROCE) of 19.59%, indicating high management efficiency. However, the flat results in the latest quarter, including a 27.11% drop in profit before tax and a 15.33% decline in net sales, have contributed to the stock's negative performance.
In the broader market context, KPT Industries has underperformed compared to the benchmark, with the BSE500 index showing a negative return of only 2.93% over the past year. This stark contrast highlights the challenges faced by KPT Industries, as its substantial decline of 36.98% indicates a lack of investor confidence. Additionally, the falling investor participation, evidenced by a decrease in delivery volume, suggests that market sentiment may be shifting away from the stock. Despite its attractive valuation relative to peers, the combination of poor recent financial results and underperformance against the market has led to a decline in the stock price.