Why is Artefact Project falling/rising?

As of 24-Sep, Artefact Projects Ltd is experiencing a decline in its stock price, currently at Rs 68.21, reflecting a decrease of Rs 2.3 or 3.26%. The stock has underperformed its sector by 2.8% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 4.89%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The recent performance shows a 1-week return of -3.10% and a year-to-date return of -17.33%, highlighting a significant underperformance compared to the benchmark Sensex, which has gained 4.58% year-to-date. The company's weak long-term fundamentals, including a -2.95% CAGR growth in net sales over the last five years and a low EBIT to interest ratio, further contribute to the negative sentiment surrounding the stock.
Broader Market Context: In the context of the broader market, Artefact Projects Ltd's recent performance contrasts sharply with the Sensex, which has shown resilience with a positive return of 4.58% year-to-date. While the stock has a very attractive valuation with a low PEG ratio and has seen profits rise by 27.9% despite its -14.07% return over the past year, the overall sentiment remains negative due to flat quarterly results and a significant drop in delivery volume, which fell by 93.35% against the 5-day average. This combination of weak investor participation and underperformance in both short-term and long-term metrics suggests that market confidence in Artefact Projects Ltd is waning, leading to its current price decline.