Why is Kross Ltd falling/rising?

As of 19-Sep, Kross Ltd's stock price is currently at 217.30, reflecting a decline of 12.7 points or 5.52%. The stock has underperformed its sector today by 5.63%, following a trend reversal after three consecutive days of gains. It reached an intraday high of Rs 235 but also fell to a low of Rs 213.35, indicating significant volatility with a wide trading range of Rs 21.65. Over the past week, Kross Ltd has shown a modest gain of 0.25%, but its one-year return stands at -2.77%, despite a 7% increase in profits during the same period. The company maintains a high management efficiency with a return on capital employed (ROCE) of 25.56% and a low debt to EBITDA ratio of 0.58, which suggests a strong ability to service its debt, yet these positives have not translated into stock price stability.
In the broader market context, Kross Ltd's short-term performance has lagged behind the Sensex, which has gained 0.88% over the past week. While Kross Ltd's year-to-date return is 2.02%, the benchmark has performed better with a 5.74% increase. The decline in investor participation, as evidenced by a 19.32% drop in delivery volume against the five-day average, further exacerbates the stock's downward movement. Despite the attractive valuation indicated by a price to book value of 3.2 and a return on equity (ROE) of 11.8, the stock's recent performance reflects a lack of investor confidence, contributing to its current price decline.