Why is Conart Engineers falling/rising?

As of 29-Sep, Conart Engineers Ltd is experiencing a decline in its stock price, currently at Rs 91.00, reflecting a decrease of Rs 7.25 or 7.38%. The stock has underperformed its sector by 7.17% today and has been on a downward trend for the last three days, resulting in a total decline of 11.82% during this period. The stock's performance over the past week shows a significant drop of 11.35%, while it has fallen 18.05% over the past month. Despite generating an 8.85% return over the last year, the company has faced challenges, including a profit decline of 8.4% and a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 7.69%. Additionally, the stock is trading below all major moving averages, which suggests a bearish trend.
In the broader market context, Conart Engineers' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 2.18% over the past week. This stark difference highlights the stock's underperformance relative to the market. The company's liquidity appears adequate for trading, but falling investor participation, as evidenced by a 12.58% drop in delivery volume, raises concerns about market confidence. The stock's high volatility, with an intraday range of Rs 10.15, further indicates uncertainty among investors. Overall, the combination of declining returns, weak fundamentals, and poor market sentiment contributes to the stock's current downward trajectory.