Why is Chemtech Indust. falling/rising?

As of 15-Jul, Chemtech Industrial Valves Ltd is experiencing a decline in its stock price, currently at Rs 117.80, reflecting a decrease of Rs 2.1 or 1.75%. The stock has underperformed its sector today by 2.93% and has been on a downward trend for the last two days, with a total loss of 3.6% during this period. It opened with a significant gap down of 3.21% and reached an intraday low of Rs 116, indicating weak market sentiment. Over the past week, the stock has decreased by 1.96%, and its year-to-date performance shows a substantial decline of 45.29%. Despite a recent positive growth in profit after tax and net sales, the company's weak long-term fundamentals, characterized by a low return on equity and high debt-to-EBITDA ratio, contribute to its negative price movement.
Broader market context indicates that while the Sensex has shown a slight decline of 1.36% over the past week, Chemtech's performance has been significantly worse. The stock has underperformed the market over the last year, generating a return of -39.00%, contrasting sharply with the BSE500's positive return of 0.37%. This underperformance, combined with its high valuation metrics and weak ability to service debt, suggests that investor confidence is low, leading to continued selling pressure in the stock.