Why is Chemtech Indust. falling/rising?

As of 22-Aug, Chemtech Industrial Valves Ltd is experiencing a decline in its stock price, currently at Rs. 105.60, which reflects a decrease of Rs. 2.9 or 2.67%. The stock has hit a new 52-week low of Rs. 102 today and has been on a downward trend, having fallen consecutively for the last three days with a total return of -4.35% during this period. Despite opening with a gain of 5.99% today and reaching an intraday high of Rs. 115, the stock's performance has been characterized by high volatility and underperformance against its sector by -2.28%. Over the past year, the stock has significantly underperformed, with a return of -60.47%, while the company's fundamentals show weak long-term strength, indicated by a low return on equity and a high debt to EBITDA ratio.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, as it has declined by -1.86% over the past week while the Sensex has gained 0.88%. The company's financials reveal a mixed picture; although it reported positive results in June with the highest operating profit margins, its overall valuation remains high relative to its earnings, leading to a very expensive price-to-book ratio. The stock's liquidity appears adequate, but falling investor participation, as evidenced by a significant drop in delivery volume, suggests a lack of confidence among investors. Overall, these factors contribute to the stock's decline, reflecting both company-specific challenges and broader market dynamics.