Why is Atam Valves falling/rising?

As of 28-Jul, Atam Valves Ltd is currently priced at 100.90, reflecting a decrease of 1.2, or 1.18%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.17%. It touched an intraday low of Rs 98.95, indicating significant selling pressure. Over the past week, the stock has decreased by 2.51%, and its year-to-date performance shows a substantial decline of 25.81%. Despite a high return on capital employed (ROCE) of 31.79% and a low debt to EBITDA ratio of 0.56, which suggest strong management efficiency and debt servicing ability, the stock has generated a negative return of 46.51% over the past year, indicating poor long-term growth prospects. Additionally, the company's operating profit has declined at an annual rate of 4.37% over the last five years, contributing to investor concerns.
In the broader market context, Atam Valves has underperformed the Sensex, which has gained 3.52% year-to-date, while Atam Valves has lost 25.81%. The stock's performance has lagged behind the benchmark, with a significant underperformance noted over various periods, including the last three years and one year. The stock's recent decline is compounded by flat results reported in March 2025, where net sales fell by 6.6% compared to the previous quarter's average. This combination of negative performance metrics and the stock's inability to keep pace with market benchmarks has led to a lack of investor confidence, contributing to its current downward price movement.