Why is Chemtech Indust. falling/rising?

As of 24-Sep, Chemtech Industrial Valves Ltd is experiencing a decline in its stock price, currently at Rs 128.50, which reflects a decrease of Rs 4.8 or 3.6%. Today's price summary indicates that the stock has underperformed its sector by 3.41%, with an intraday low of Rs 125.7, marking a drop of 5.7%. The stock's recent performance shows a 1-week increase of 2.19% and a significant 1-month rise of 21.69%, although it has suffered a year-to-date decline of 40.32% and a 1-year drop of 52.26%. Despite positive results in June, including the highest quarterly operating profit to net sales ratio at 33.44%, the stock's long-term fundamentals are weak, evidenced by a low return on equity of 9.90% and a high price-to-book value ratio of 2.4, which suggests an expensive valuation relative to its peers.
In the broader market context, while the BSE500 index has seen a negative return of 5.32% over the past year, Chemtech's stock has significantly underperformed with a loss of 52.26%. This stark contrast highlights the stock's struggles in attracting investor interest, as indicated by a drastic drop in delivery volume by 82.58% against the 5-day average. The stock's liquidity remains adequate for trading, but the falling investor participation suggests a lack of confidence in its future performance. Overall, the combination of weak long-term fundamentals, high valuation concerns, and recent underperformance against both the sector and broader market has contributed to the stock's current downward trajectory.