Why is Jyoti CNC Auto. falling/rising?

As of 03-Jul, Jyoti CNC Automation Ltd is experiencing a decline in its stock price, currently at 1,022.80, which reflects a decrease of 29.2 points or 2.78%. The stock has underperformed its sector by 2.55% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.05% during this period. Over the past week, the stock has fallen by 9.38%, and its year-to-date performance shows a significant decline of 24.18%. Despite the company demonstrating strong financial metrics, such as a low Debt to EBITDA ratio and consistent growth in net sales and operating profit, the stock's valuation appears expensive, contributing to its recent price drop.
In the broader market context, Jyoti CNC Automation Ltd's performance has been notably weaker compared to the Sensex, which has gained 3.10% over the past month while Jyoti CNC has declined by 20.99%. This consistent underperformance against the benchmark over the last three years highlights investor concerns, particularly as the stock has generated negative returns of 24.68% in the past year despite a significant increase in profits. The falling investor participation, indicated by a dramatic drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors in the company's short-term prospects.