Why is Artemis Electri. falling/rising?

As of 03-Jul, Artemis Electricals & Projects Ltd is experiencing a decline in its stock price, currently at 25.97, reflecting a decrease of 0.97 or 3.6%. The stock has underperformed its sector by 3.18% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 4.66% during this period. Over the past week, the stock has decreased by 1.55%, while it has shown a more significant decline of 16.60% over the past year. Despite reporting outstanding results with a 103.2% growth in net sales and positive quarterly results, the company faces challenges with weak long-term fundamental strength, as indicated by a low average Return on Capital Employed (ROCE) of 8.94% and a high Price to Book Value ratio of 7.6, which suggests an expensive valuation compared to peers.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex showing a positive return of 6.53% year-to-date, while Artemis has declined by 3.10% in the same period. The stock's recent struggles are compounded by a significant drop in investor participation, with delivery volume falling by 62.48% against the five-day average, indicating reduced interest from investors. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may reflect a lack of confidence in the stock's valuation or business prospects. Overall, the combination of poor short-term performance, weak long-term fundamentals, and declining investor interest contributes to the stock's current downward trajectory.