Why is Chemtech Indust. falling/rising?

As of 21-Aug, Chemtech Industrial Valves Ltd is experiencing a decline in its stock price, currently at Rs 108.50, reflecting a decrease of Rs 1.5 or 1.36%. The stock has underperformed its sector by 1.17% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.72% during this period. Despite reaching an intraday high of Rs 113.5, the stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 36.56% against the 5-day average. The stock's performance over the past month shows a decline of 5.49%, and it has plummeted by 58.58% over the past year, highlighting its weak long-term fundamentals, including a low return on equity and a high debt-to-EBITDA ratio.
In the broader market context, the Sensex has shown a positive return of 1.74% over the past week, contrasting sharply with Chemtech's recent performance. While the market has generated a negative return of 1.56% over the past year, Chemtech's stock has significantly underperformed, with a staggering decline of 58.58%. This underperformance is compounded by the company's expensive valuation metrics and weak ability to service debt, which further diminishes investor confidence. Although the company reported positive results in June, including the highest operating profit to net sales, the overall sentiment remains negative due to the stock's long-term weaknesses and its inability to keep pace with market benchmarks.