Why is Atam Valves falling/rising?

As of 23-Jun, Atam Valves Ltd is experiencing a decline in its stock price, currently at Rs 103.10, reflecting a decrease of Rs 5.7 or 5.24%. Today's price summary indicates that the stock opened lower, with a loss of 2.48%, and reached an intraday low of Rs 102.95, marking a 5.38% drop. The stock has underperformed its sector by 4.13% today, and the delivery volume has significantly decreased by 52.62% compared to the five-day average, suggesting falling investor participation. Over the past week, the stock has declined by 6.53%, and its year-to-date performance shows a substantial drop of 24.19%. Despite a high return on capital employed (ROCE) of 31.79% and a low debt-to-EBITDA ratio of 0.56, the stock's long-term growth prospects appear poor, with operating profit declining at an annual rate of 4.37% over the last five years and a significant negative return of 49.94% over the past year.
In the broader market context, the stock has notably underperformed compared to the benchmark Sensex, which has gained 4.81% year-to-date and 6.07% over the past year. While the Sensex has shown resilience, Atam Valves' performance has been lackluster, with its returns over the last year starkly contrasting the market's positive trajectory. The company's flat results in March, with net sales falling by 6.6% compared to the previous quarter's average, further contribute to the negative sentiment surrounding the stock. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to market benchmarks has led to the stock's current downward trend.