Why is Chemtech Indust. falling/rising?

As of 28-Aug, Chemtech Industrial Valves Ltd is experiencing a decline in its stock price, currently at Rs 102.90, reflecting a decrease of Rs 2.1 or 2.0%. The stock has underperformed its sector by 0.96% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.2%. Over the past week, the stock has fallen by 5.16%, and its year-to-date performance shows a significant decline of 52.21%. Despite some positive financial results reported on June 25, including the highest quarterly PBDIT and operating profit margins, the company faces challenges such as a weak long-term fundamental strength indicated by a low return on equity and a high debt-to-EBITDA ratio, which contribute to its current price movement.
In the broader market context, Chemtech's performance has been notably worse than the benchmark, with a one-year return of -64.40% compared to the BSE500's decline of only -5.01%. This stark contrast highlights the stock's significant underperformance relative to the market. Additionally, the stock is trading below its moving averages and has seen a substantial drop in investor participation, with delivery volume falling by 46.81% against the five-day average. These factors collectively indicate a lack of confidence among investors, further exacerbating the stock's decline in a market that, while also negative, has not suffered as severely.