Why is Chemtech Indust. falling/rising?

As of 20-Jun, Chemtech Industrial Valves Ltd is currently priced at Rs 128.00, reflecting a decline of Rs 2.8 or 2.14%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 3.61%. It has also underperformed its sector by 4.3% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.48%, and year-to-date, it has plummeted by 40.55%, while the company's profits have risen by 69.2%. Despite a recent positive performance in net sales and profit after tax, the stock's weak long-term fundamentals, including a low return on equity and high debt to EBITDA ratio, contribute to its declining price.
In the broader market context, the Sensex has gained 1.59% over the past week and 5.46% year-to-date, contrasting sharply with Chemtech's negative returns. The stock's significant underperformance relative to the benchmark and the broader market, which has generated positive returns, highlights the challenges faced by Chemtech Industrial Valves Ltd. The decline in investor participation, evidenced by a 65.82% drop in delivery volume, further exacerbates the stock's struggles, indicating a lack of confidence among investors despite some recent positive financial results.