Why is Gratex Industrie falling/rising?

As of 01-Jul, Gratex Industries Ltd is experiencing a decline in its stock price, currently at 18.00, reflecting a decrease of 0.93 or 4.91%. The stock has underperformed significantly, with a 1-week return of -9.59% and a 1-month return of -25.93%, while the benchmark Sensex has shown positive returns of +2.00% and +2.76%, respectively. Today's trading performance indicates that Gratex Industries is trading lower than its moving averages across various time frames, and despite a notable increase in delivery volume, the overall sentiment remains negative. The company's weak long-term fundamentals, characterized by a -2.52% CAGR growth in operating profits over the last five years and a low return on equity of 2.85%, contribute to its poor performance. Additionally, the stock's high valuation relative to its peers and a concerning EBIT to interest ratio of 0.13 further exacerbate investor apprehension.
In the broader market context, Gratex Industries' recent performance starkly contrasts with the benchmark, as it has underperformed the BSE500 over various time frames, including the last three years and one year. The stock's negative trajectory is compounded by flat results reported in March 2025 and a significant decline in profitability, with profits falling by -1% over the past year. This underperformance, coupled with the company's inability to generate substantial returns for shareholders, has led to a perception of the stock as a strong sell, further influencing its declining price movement.