Why is Artemis Electri. falling/rising?

As of 22-Jul, Artemis Electricals & Projects Ltd is experiencing a decline in its stock price, currently at 25.01, reflecting a decrease of 0.74 or 2.87%. The stock has underperformed its sector by 1.53% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.54% during this period. Despite a strong performance in net sales growth of 103.2% and positive results in the last two quarters, the stock has shown a year-to-date decline of 6.68% and a one-year drop of 15.22%, indicating weak long-term fundamental strength with a low return on capital employed (ROCE) of 8.94%. The stock's valuation appears expensive relative to its peers, which may contribute to investor hesitation.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has shown a slight decline of 0.47% over the past week and a positive return of 5.18% year-to-date. While the stock has seen rising investor participation with a significant increase in delivery volume, the overall sentiment remains cautious due to its poor long-term growth prospects and lack of domestic mutual fund investment, suggesting a lack of confidence in its current valuation.