Why is Chemtech Indust. falling/rising?

As of 11-Aug, Chemtech Industrial Valves Ltd is experiencing a decline in its stock price, currently at Rs 109.05, which reflects a decrease of Rs 2.65 or 2.37%. The stock has underperformed its sector by 3.72% today and has been on a downward trend for the last two days, accumulating a total decline of 4.34%. The stock reached an intraday high of Rs 117.5 but also hit a low of Rs 108, indicating significant volatility. Over the past week, the stock has fallen by 2.33%, and its year-to-date performance shows a substantial decline of 49.35%. Despite a recent positive growth in net sales and profit after tax, the company faces challenges such as a weak long-term fundamental strength characterized by a low return on equity and a high debt-to-EBITDA ratio, which contribute to its negative price movement.
In the broader market context, Chemtech's performance has been notably worse than the benchmark, with a one-year return of -51.34% compared to the Sensex's gain of 1.13%. This stark contrast highlights the stock's struggles, particularly as it has underperformed even in a generally negative market environment. The stock's liquidity is also a concern, with a significant drop in delivery volume, which suggests waning investor interest. Overall, the combination of weak fundamentals, poor recent performance, and declining investor participation has led to the stock's current downward trajectory.