Why is Ador Welding falling/rising?

As of 25-Jul, Ador Welding Ltd's stock price is currently at 1,052.85, reflecting a decrease of 2.25, or 0.21%. The stock has been experiencing a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 5.4% over that period. Despite opening with a gain of 3.2% today and reaching an intraday high of Rs 1,088.9, the overall performance remains negative, with a one-year return of -24.71%. The company has shown some positive attributes, such as a low debt-to-equity ratio and an attractive valuation with a return on equity of 13.4. However, negative quarterly results, including a significant drop in profit after tax and a low return on capital employed, have contributed to the stock's struggles.
In the broader market context, Ador Welding's performance has underperformed compared to the Sensex, which has shown a slight decline of 0.36% over the past week, while the stock itself has dropped by 5.4%. The stock's year-to-date performance is also concerning, with a decline of 4.72% compared to the Sensex's gain of 4.25%. Additionally, the sector of Electrodes & Welding Equipment has faced a downturn of 3.26%, indicating broader challenges within the industry. Although there has been an increase in institutional investor participation, which may provide some support, the overall market sentiment and the company's recent financial results suggest a cautious outlook for the stock.