Why is Jyoti CNC Auto. falling/rising?

As of 06-Aug, Jyoti CNC Automation Ltd is experiencing a decline in its stock price, currently at 985.35, which reflects a decrease of 39.05 or 3.81%. The stock has underperformed its sector by 3.43% today and has been on a downward trend for the last two days, accumulating a total loss of 4.28%. Additionally, the stock has shown negative returns over various periods, including a 5.74% drop over the past week and a 26.95% decline year-to-date. The company's recent financial performance has also raised concerns, with net sales falling by 9.7% compared to the previous four-quarter average and a significant drop in profit before tax. Despite having a strong ability to service debt and healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive, contributing to its recent price decline.
In the broader market context, Jyoti CNC Automation Ltd has consistently underperformed against the benchmark, with a one-year return of -7.83% compared to a 2.48% increase in the Sensex. This trend of underperformance has been evident over the last three years, further exacerbating investor sentiment. The stock's recent price movements, coupled with falling investor participation and trading below key moving averages, indicate a lack of confidence among investors, which is reflected in its current price trajectory.