Why is Jyoti CNC Auto. falling/rising?

As of 07-Aug, Jyoti CNC Automation Ltd is experiencing a decline in its stock price, currently at Rs 972.00, which reflects a decrease of Rs 9.4 or 0.96%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.58% during this period. Additionally, it has underperformed its sector by 1.11% today. The stock is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.78%, and year-to-date, it has seen a significant decline of 27.94%. Despite a strong ability to service debt and healthy long-term growth in net sales and operating profit, the recent flat results and declining net sales have negatively impacted investor sentiment.
In the broader market context, Jyoti CNC Automation Ltd's performance has lagged behind the benchmark, with a year-to-date return of -27.94% compared to the Sensex's gain of 3.18%. This consistent underperformance against the benchmark over the last three years has contributed to a lack of investor confidence. The stock's recent price movement is further exacerbated by a significant drop in delivery volume, which has fallen by 41.25% against the five-day average, indicating reduced investor participation. Overall, the combination of disappointing financial results, declining sales, and a bearish market sentiment has led to the stock's current downward trajectory.