Why is Stove Kraft falling/rising?

As of 24-Sep, Stove Kraft Ltd's stock price is currently at Rs 703.75, reflecting a decrease of Rs 7.1 or 1.0%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total decline of 1.59%. The stock touched an intraday low of Rs 690.5, indicating a significant drop of 2.86% during the trading session. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. However, the delivery volume has decreased by 47.68% compared to the 5-day average, indicating a drop in investor participation. Over the past year, Stove Kraft has experienced a return of -21.44%, despite a 19.3% increase in profits, which reflects a disconnect between stock performance and company fundamentals. The company also shows strong management efficiency with a high return on capital employed (ROCE) of 17.94% and a low debt to EBITDA ratio of 0.63 times, which are positive indicators for its financial health.
In the broader market context, Stove Kraft's short-term performance has been relatively better than the benchmark, with a 1-week return of +0.51% compared to the Sensex's -1.18%. However, the stock's year-to-date performance is notably poor at -19.11%, while the Sensex has gained 4.58% during the same period. The recent increase in institutional investor participation, with a 0.75% rise in their stake, may provide some support for the stock moving forward, as these investors typically have more resources to analyze company fundamentals. Despite the current decline, the stock is trading at a discount compared to its peers, which may attract future investment interest.