Why is Chemtech Indust. falling/rising?

As of 20-Oct, Chemtech Industrial Valves Ltd is experiencing a decline in its stock price, currently at 110.45, reflecting a decrease of 2.35 (-2.08%). The stock has been on a downward trend, losing value for the last five consecutive days and showing a total return of -3.22% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 9.88% compared to the 5-day average. Despite some positive financial results reported on June 25, including the highest quarterly PBDIT and operating profit margins, the stock's overall performance has been disappointing, with a staggering -58.17% return over the past year, even as profits increased by 58%.
Broader market context shows that Chemtech Industrial Valves Ltd has significantly underperformed against the benchmark, with the Sensex gaining 2.47% over the past week while the stock itself has declined by 5.07%. This stark contrast highlights the stock's struggles in the current market environment. The company's valuation appears expensive with a Price to Book Value of 2.1, and while it trades at a discount compared to its peers' historical valuations, the negative sentiment surrounding its performance has led to a lack of investor confidence. Overall, the combination of poor short-term returns, declining investor interest, and high valuation concerns contributes to the stock's current downward trajectory.