Why is Ksolves India falling/rising?

As of 29-Aug, Ksolves India Ltd is experiencing a decline in its stock price, currently at Rs 315.05, which reflects a decrease of Rs 11.95 or 3.65%. The stock has underperformed significantly, with a performance today that is 2.97% lower than its sector. It has been on a downward trend, falling for the last two days and recording a total drop of 4.86% in this period. Additionally, the stock is trading close to its 52-week low, just 4.75% away from Rs 300.1. The stock's performance over the past week and month shows declines of 4.54% and 3.90%, respectively, while it has suffered a substantial year-to-date drop of 34.54%. The company's financials indicate a high dividend yield of 4%, but it has also reported a significant profit decline of 33.02% in the latest six months, contributing to negative sentiment.
In the broader market context, Ksolves India has underperformed the benchmark Sensex, which has seen a decline of only 1.84% over the past week and 1.88% over the past month. This underperformance is further highlighted by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence among institutional investors. The company's low debt-to-equity ratio and healthy long-term growth in net sales are overshadowed by its recent flat results and a significant drop in profits. Overall, the combination of poor short-term performance, declining investor participation, and lack of institutional support has contributed to the stock's current downward trajectory.