Why is Jyoti CNC Auto. falling/rising?

As of 09-Jul, Jyoti CNC Automation Ltd is experiencing a decline in its stock price, currently at 1,019.00, which reflects a decrease of 9.05 points or 0.88%. The stock has underperformed its sector by 0.87% today and has been on a downward trend for the last three days, accumulating a total loss of 1.67% during this period. Although the stock opened with a gain of 2.81% and reached an intraday high of Rs 1,056.95, it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased significantly, with delivery volume dropping by 53.2% compared to the 5-day average. Over the past week, the stock has declined by 3.14%, and it has seen a substantial drop of 17.79% over the past month, contrasting sharply with the Sensex, which has gained 1.32% in the same timeframe.
In the broader market context, Jyoti CNC Automation Ltd has consistently underperformed against the benchmark indices, generating a return of -14.73% over the past year while the Sensex has increased by 3.96%. Despite the company's strong fundamentals, such as a low Debt to EBITDA ratio and significant growth in net sales and operating profit, the stock's valuation appears expensive, contributing to its recent struggles. The company has reported positive results for the last five consecutive quarters, yet the stock's performance has not reflected this growth, indicating a disconnect between its financial health and market perception. This ongoing underperformance against the benchmark over the last three years further exacerbates investor concerns, leading to the current decline in stock price.