Why is Jyoti CNC Auto. falling/rising?

As of 29-Jul, Jyoti CNC Automation Ltd is experiencing a price increase, currently at 1,034.00, reflecting a rise of 15.0 or 1.47%. Despite this uptick, the stock has underperformed its sector by 0.25% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a decline of 2.19% over the past week and 8.04% over the past month, while it has generated a negative return of 23.35% year-to-date. Although the company has reported strong financials, including a significant growth in net sales and operating profit, its valuation appears expensive, and it has consistently underperformed against benchmarks over the last three years.
In the broader market context, the Sensex has declined by 1.03% over the past week and 3.24% over the past month, indicating a challenging environment for stocks in general. Jyoti CNC Automation's recent performance, while showing a slight daily increase, is overshadowed by its longer-term underperformance against the benchmark indices. The company's ability to service debt and its healthy growth metrics are positive factors; however, the persistent underperformance and high valuation metrics may contribute to investor caution, impacting overall market sentiment towards the stock.