Why is Ador Welding falling/rising?

As of 08-Jul, Ador Welding Ltd's stock price is currently at 1,078.00, reflecting a decrease of 51.0 points or 4.52%. Today, the stock has underperformed its sector by 4.84% and opened with a loss of 2.37%. After three consecutive days of gains, the stock has reversed its trend, reaching an intraday low of Rs 1,078. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 2.67% and 8.12%, respectively. However, it has underperformed significantly over the past year, with a return of -23.27%. The company's low debt-to-equity ratio and attractive valuation, indicated by a 13.4% return on equity and a price-to-book value of 3.7, suggest a fair trading position compared to peers. Nonetheless, negative quarterly results, including a 25.3% drop in profit after tax, have contributed to the stock's recent struggles.
In the broader market context, while the Sensex has shown a minimal increase of 0.02% over the past week, Ador Welding's short-term performance has outpaced this benchmark. However, the stock's year-to-date performance is concerning, with a decline of 2.44% compared to the Sensex's gain of 7.13%. The increasing participation of institutional investors, who have raised their stake by 0.65%, may provide some support for the stock, but the overall negative sentiment from recent earnings results and significant underperformance relative to the market over the past year continues to weigh heavily on investor confidence.