Why is Stove Kraft falling/rising?

As of 03-Nov, Stove Kraft Ltd's stock price is currently at 725.35, reflecting a decline of 59.95 points or 7.63%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 8.33%. Today, it reached an intraday high of Rs 814 but also dipped to a low of Rs 718.25, indicating high volatility with a wide trading range of Rs 95.75. Over the past week, the stock has shown a modest gain of 2.01%, but it has underperformed against the sector by 8.31%. Despite a year-to-date decline of 16.63%, the company reported strong operational metrics in its latest quarterly results, including a record net sales figure and a high operating profit to interest ratio, which suggests solid management efficiency and a strong ability to service debt.
In the broader market context, while Stove Kraft's recent performance has been disappointing, the benchmark Sensex has shown a slight decline of 0.94% over the same week. The stock's year-to-date performance contrasts sharply with the Sensex's gain of 7.47%, highlighting a significant underperformance relative to the market. However, the stock is trading at a discount compared to its peers, and its profits have increased by 19.3% over the past year, indicating potential for recovery. The rising investor participation, evidenced by a significant increase in delivery volume, suggests that there may be interest in the stock despite its recent price decline.