Why is Artemis Electri. falling/rising?

As of 02-Jul, Artemis Electricals & Projects Ltd is experiencing a decline in its stock price, currently at 26.94, reflecting a decrease of -0.29 or -1.07%. The stock has underperformed its sector by -0.31% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of -1.1%. Despite a strong performance over the past week and month, with returns of +5.19% and +5.61% respectively, the stock has struggled over the past year, showing a significant decline of -14.37%. The company's recent financial results have been positive, with a notable growth in net sales and profits, but concerns about long-term growth and weak fundamental strength, including a low return on capital employed, have contributed to the stock's current downward movement.
In the broader market context, while the stock has shown positive short-term returns, it has underperformed compared to the benchmark Sensex, which has generated a return of +5.00% over the past year. The stock's liquidity has also been affected, with a significant drop in delivery volume, indicating reduced investor participation. Furthermore, the lack of investment from domestic mutual funds suggests a lack of confidence in the stock's valuation, which is perceived as expensive relative to its peers. Overall, despite some positive short-term performance, the combination of declining investor interest and concerns over long-term growth prospects has led to the stock's recent decline.