Why is Conart Engineers falling/rising?

As of 14-Jul, Conart Engineers Ltd is currently priced at Rs 122.40, reflecting a decline of Rs 5.6 or 4.37%. The stock has been underperforming recently, having fallen for the last two days with a total drop of 6.21%. Today's trading saw the stock reach an intraday low of Rs 120.15, and it has underperformed its sector by 3.94%. Over the past week, the stock has decreased by 5.48%, while it has shown a significant increase of 22.95% over the past month. Despite a strong performance over the last year with a return of 60.10%, the stock's profits have declined by 20.9%, contributing to concerns about its long-term fundamental strength, as indicated by an average Return on Equity (ROE) of 7.11%.
In the broader market context, the Sensex has only decreased by 1.42% over the past week, indicating that Conart Engineers' short-term performance is significantly worse than the benchmark. While the stock has outperformed the BSE500 over the last three years, one year, and three months, its recent price movement suggests a shift in investor sentiment, possibly due to falling investor participation and a decline in delivery volume by 20.26% against the five-day average. The stock is trading at a premium compared to its peers, which may also be influencing its current price decline amidst concerns about its profitability and long-term growth potential.