Why is Jyoti CNC Auto. falling/rising?

As of 11-Jul, Jyoti CNC Automation Ltd is experiencing a decline in its stock price, currently at 1,014.00, reflecting a decrease of 15.0 points or 1.46%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has underperformed with a return of -2.15%, and it has seen a significant decline of 13.70% over the past month. Despite these negative movements, there has been a rise in investor participation, with delivery volume increasing by 27.66% against the 5-day average. The company has demonstrated strong financial health with a low Debt to EBITDA ratio and impressive growth in net sales and operating profit, which could support future price recovery.
In the broader market context, Jyoti CNC Automation Ltd has consistently underperformed against the benchmark, with a year-to-date return of -24.83% compared to the Sensex's gain of 5.58%. This consistent underperformance over the last three years has likely contributed to investor sentiment weighing on the stock. While the company has shown strong operational results and a healthy ability to service debt, the high valuation metrics and the negative returns over the past year may deter potential investors, further impacting the stock's price negatively.