Why is Jyoti CNC Auto. falling/rising?

As of 08-Aug, Jyoti CNC Automation Ltd is experiencing a decline in its stock price, currently at Rs 951.55, which reflects a decrease of Rs 20.45 or 2.1%. The stock has been underperforming, having lost 7.56% over the last four days and is trading below all key moving averages. Additionally, the stock has shown a significant decline of 29.46% year-to-date, while also underperforming the benchmark index, Sensex, which has gained 2.20% in the same period. The company's recent financial results have been disappointing, with a notable drop in profit before tax and net sales compared to previous quarters, contributing to a perception of an expensive valuation despite a strong ability to service debt and healthy long-term growth in net sales.
In the broader market context, Jyoti CNC Automation Ltd's performance has lagged behind the Sensex, which has only seen a minor decline of 0.92% over the past week, while Jyoti CNC has dropped by 5.75%. This consistent underperformance against the benchmark over the last three years, coupled with flat quarterly results, has likely influenced investor sentiment negatively. Although there has been a rise in investor participation, as evidenced by an increase in delivery volume, the overall trend remains bearish, highlighting concerns about the company's financial health and valuation amidst a challenging market environment.