Why is Conart Engineers falling/rising?

As of 17-Jul, Conart Engineers Ltd is currently priced at Rs 131.10, reflecting a decrease of Rs 1.5 or 1.13%. Today's price summary indicates that the stock opened with a gain of 3.32%, reaching an intraday high of Rs 137, but subsequently fell to a low of Rs 128.8. The stock has underperformed its sector by 1.3% today and has experienced a trend reversal after two consecutive days of gains. Despite a strong performance over the past year with a return of 75.62%, the stock has shown a decline in profits by 20.9%, which, combined with an average Return on Equity (ROE) of 7.11%, raises concerns about its long-term fundamental strength. Additionally, the stock is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, Conart Engineers has outperformed the Sensex in the short term, with a 1-week return of 0.46% compared to the Sensex's decline of 1.12%. However, the stock's year-to-date performance shows a decline of 13.44%, contrasting with the Sensex's gain of 5.27%. The liquidity of the stock remains adequate, with a notable increase in delivery volume, suggesting rising investor participation. Despite these positive indicators, the overall sentiment may be tempered by the stock's recent price decline and concerns over its valuation relative to its historical performance and profitability trends.